Global Mobility and Employment Tax

Job Retention Scheme And Pension Regulator Concession: Options, Impact And Practicalities


Job Retention Scheme And Pension Regulator Concession: Options, Impact And Practicalities
Thursday 16 April, 12:00 BST/13:00 CEST
Host: James Warwick
Presenters: Michael Nicolaides, Mark Jones, Andrew Lilley

Following further guidance from HMRC on the government’s Job Retention Scheme (JRS) and the Pension Regulator’s concessionary announcement enabling employers to temporarily reduce employer DC pension contribution levels for furloughed employees, many employers are considering whether to furlough employees and for how long, how to calculate their JRS grant, and whether to reduce employer pension contributions for this population. We recognise these are all tough decisions, with a myriad of considerations and complexities to work through. Join us for this Dbriefs session to discuss the options, impact and practicalities for your business, including:

  • A recap of the JRS and furloughing
  • The Pension Regulator’s announcement and options for reducing employer pension contributions into DC arrangements
  • The process for making a JRS grant claim and the steps involved
  • How employers can practically undertake the grant calculation for their population of employees, given a range of complexities and options including: variable pay, discretionary payments, allowances, overtime, part-time working etc
  • The interaction with salary sacrifice arrangements (including pensions salary sacrifice)

What are the compliance obligations for employers in respect of both the JRS and the Pension Regulator’s announcement?

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