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Insight

COVID-19 – CJSR and Pensions

09/04/2020
The government introduced the Coronavirus Job Retention Scheme (CJSR) in March to address the situation created by the COVID-19 outbreak. Employers and employees will principally be concerned with the operation of the CJSR in terms of the payment of salaries to employees. 
 
However, the CJSR has a significant impact on any pension arrangements in place which should be taken into account when considering how to furlough employees.

Please click below to access our handy Q&A on the main issues affecting defined contribution/money purchase schemes.

COVID-19 | Coronavirus Job Retention Scheme | Pension Issues Q&A
 
We are all navigating uncharted waters as business and society faces up to the impact of COVID-19.  We very much hope you and your loved ones remain in good health. 

 Please be assured that Fieldfisher is continuing to work with clients to navigate COVID-19 related issues and on business as usual needs.  Do get in touch with us if you would like to chat anything through.

 

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