In light of the impact of COVID-19 on companies across the UK, your employer may be able to keep you on payroll if they are unable to operate or have no work for you due to coronavirus (COVID-19). This is known as being ‘on furlough’. When on furlough, you could be paid 80% of your wages, up to a monthly cap of £2,500
You can read more about the government Coronavirus Job Retention Scheme (CJRS) and what it means to be furloughed here.
How does Wagestream help furloughed staff?
Each stream costs a convenience fee of £1.75, no matter the amount.
On pay day, employees will receive their furlough payment from their employer less any streams/convenience fees made during that month.
Wagestream also offers additional content in-app that gives you accurate information about Covid-19 and what it means for your finances, as well as tools to help you supplement income and reduce costs during the ongoing crisis