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Impact on pensions of changes to Job Retention Scheme

As the government begins to unwind its Coronavirus Job Retention Scheme over the coming months, LEBC’s Kay Ingram looks at how pensions will be affected by the changes

On 29 May Chancellor Rishi Sunak announced changes to the Coronavirus Job Retention Scheme (CJRS) effective from 1 July through to October when it ends. On 12 June HMRC produced further detailed guidance. So, what will the impact of those changes be on workplace pension schemes and how will employers need to adapt once employees return to work?

Eligibility and conditions

First, a recap of the eligibility conditions for the Coronavirus Job Retention Scheme (CJRS):

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