Mortgage Advice Bureau's website uses cookies. For more information about how we use cookies please Read More.

Coronavirus Job Retention Scheme (CJRS)

Since the outbreak of coronavirus, the UK government has introduced a scheme known as ‘furlough’.

To avoid making redundancies, many firms have been encouraged to ‘furlough’ their employees. This essentially means putting jobs on hold during the disruptions of the lockdown.

Under the furlough scheme, the government can pay up to 80% of your wages (up to a maximum of £2,500 gross per month) so that you still receive an income during this difficult time.

To help you work out what your new gross monthly payment from your employer will be, we’ve created a furlough salary calculator. All you need to do is enter your salary before furlough, hit the button, and we’ll quickly work out what your monthly gross income will be.

Current Gross Annual Salary

£

Please note:

Minimum salary £17,500

This calculator doesn't take pensions, shares or tax into consideration.

This calculation assumes an employer is not making up the difference in your salary.

This calculator is intended as a guide, please seek guidance from your employer for absolute certainty around your salary amount.

Need more help? Speak to us on 0800 085 0118

Request a Callback

Contact us

Find a Mortgage

Search

Expert Advice

Discover more

Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

Need more help?

Contact us

What do our customers say?

  • 3246
    Total reviews
  • 4.9
    Average rating
  • 4.9 Stars

    Excellent

5 Stars

Denise Collis - Redditch

Their paperwork was easy to follow. The website easy to use. Mortgage went through as expected. Would definitely use again.

Posted

5 Stars

Jasmine Shalk - Brighton

I had a great experience working with Peyman to re-mortgage my property. Our situation was a little unique but we were grateful for his approach and help in finding a great solution. I would recommend him to anyone.

Posted

5 Stars

Greg Marks

Very professional and efficient service. Stafford has explained all processes to us in plain terms and has put us at ease at every step. Always available and quick to respond with any queries that we have had. Thank you for a great service :)

Posted

Read all reviews