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COVID-19: Pensions contributions guidance for employers

The Pensions Regulator (TPR) is reminding employers that workplace pension duties apply whether your staff are working or are being furloughed as part of the Coronavirus Job Retention Scheme.

However, since the beginning of August you have needed to pay the pension contributions and National Insurance contributions for your furloughed staff.

You will still be able to claim the lower of 80% of staff wages or £2,500 per month for these staff, reducing to the lower of 70% or £2,187.50 per month in September and the lower of 60% or £1,875 in October, with the scheme closing on 31 October 2020.

For further information please visit the TPR website.


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