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ARTICLE · 11 JUNE 2020

The Pensions Brief: April 2020

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The Pensions Regulator has issued further COVID-19 guidance. This is summarised below.

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Edward Jewitt
Edward Jewitt
Helen Parrott
Helen Parrott
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Issues affecting all schemes

The Pensions Regulator has issued further COVID-19 guidance. This is summarised below.

COVID-19: tPR issues salary sacrifice guidance for large employers

tPR has published new guidance on calculating pension contributions under a salary sacrifice arrangement for furloughed employees. It has also updated its guidance for trustees on DC scheme management and investment.

The new guidance sets out examples of the interaction between salary sacrifice and grants from the government's Coronavirus Job Retention Scheme (CJRS). It also contains practical points for employees and trustees to ensure the administration of salary sacrifice arrangements is done correctly.

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