IReeN Newsletter 20/4/2020

Coronavirus Job Retention Scheme Latest

GOV have issued new information 17th April 2020: added on scheme extension, fraud, claims for employees you made redundant or who stopped working for you, fixed term contracts, agency workers and retaining records. Also, a new guide has been published with information on holiday pay, employees returning from family-related statutory leave and sick pay, how to treat grant payments in Real Time Information. Plus, more information on how to calculate the claim for 80% of your employees’ wages, how much you can claim for National Insurance and pension contributions and how to claim.

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

It also issued guidance on how to calculate both furlough pay, and how much can be reclaimed, including part month calculations, and those topping up to full pay.

https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme

Pension Regulator provides further information on COVID-19 and the impacts on pensions

The pension regulator has added information in relation to Pension Obligations as they relate to COVID-19 and the Coronavirus Job Retention Scheme

The main employer information has been updated at https://www.thepensionsregulator.gov.uk/en/covid-19-coronavirus-what-you-need-to-consider/automatic-enrolment-and-pension-contributions-covid-19-guidance-for-employers

For those operating Salary Sacrifice arrangements and large employers more details guidance and examples have been added to the regulator online resources: https://www.thepensionsregulator.gov.uk/en/covid-19-coronavirus-what-you-need-to-consider/automatic-enrolment-and-pension-contributions-covid-19-guidance-for-employers/covid-19-technical-guidance-for-large-employers

The Chancellor of the Exchequer has announce and extension of the Coronavirus Job Retention Scheme to the end of June 2020 (and subject to further reviews).

The IReeN Committee, would like to wish you and all your families the best of health, stay safe and together we can help make sure that all our staff are cared for in these challenging times.

IReeN.UK originally distributed 20/4/202

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