Furlough take home pay

[Bezzyk7]

Hi

I've tried to search for an answer and have confused myself further.
With the government 80% furlough scheme can anyone tell me how much my take home pay will be?
My salary is 40k a year, gross pay £3333 and net normally around £2500
TIA

@NotEverythingIsBlackandwhite because my employer are doing it.

As I understand it a total grant is paid to the employer up to a max of £2500.this has to cover an employees gross salary plus the 13.8% employers NI and potential pension contribution too. This will leave someone on £30k.with about £1400 net. They will not get 80% of their net income.

The government agrees that the average Gross salary in UK is approx £37,500.

The government promises to pay out 80% of an employee's salary up to the average salary limit.

80% of £37,500 is £30,000.

This payout (called Furlough) equates to a gross salary £30,000 per year, or £2,500 per month.

This is gross salary before tax deductions.

The max take home pay (what goes into you bank account, Net) is likely to be closer to £1,994 per month. (Check out www.listentotaxman.com and use £30,000 as your new salary)

Someone who earns less than £37,500 will see their monthly take home pay reduced by 80%.

Someone who earns more than £37,500 will take home the maximum promised which is £1,994; and consequently see their pay reduced by alot more than 80%.

For example: someone earning £45,000 gross salary should normally receive £2,625 (net monthly) per month after typically taxes. However if this person is furloughed then they would automatically drop to £1,994 per month and thus see a 25% reduction in monthly take home pay.

Correction...

"...reduced to 80%".

You forfeit 20% of your salary if you earn below £37,500... and >20% if you earn above £37,500.

Is there any update on this as yet? I might be furloughed and earn above £37500 - what would be my take home pay? (With no employer top up and standard deductions)

It worries me that a lot of people earning more than the UK average salary can’t do basic maths.

I am about to be furloughed- I earn more than £2,500 a month before tax.

Therefore my new salary will be capped at £2500 per month, less my pension, tax and NI. Tax codes can change from individuals so use a tax calculator online with the tax code printed on your payslip.

Goodness PTW, what a rude reply!
What I don't find clear is not the maths, it is whether it is the employer who receives the £2500, and then has extra deductions to make (tax? Employer NI contributions? ) before they pay the remainder to the employee