How was furlough calculated?
New Red Planet calculated furlough payments based on the busiest terms of the Academic year, not the entire year. This should be beneficial to all as it does not take into account the school holidays, which would have brought your average payments down.
You then receive 80% of this value.
When will you receive the first payment?
New Red Planet expect to receive the funds from HMRC by Wednesday or Thursday of this week.
The first payment for those eligible should be by the end of the week.
New Red Planet will be in touch with further information.