No. Minimum contributions required under automatic enrolment have not been suspended, so employers should continue to pay their own and forward their employees’ contributions to their scheme provider in the normal way. The Pensions Act 2008 includes safeguarding rules to protect employees from being taken out of a qualifying pension scheme unless they make that …
Corona-virus Business Interruption Loan Scheme (CBILS) access broadened
From Monday 6 April the Coronavirus Business Interruption Loan Scheme (CBILS) has been opened up to all viable small businesses, i.e. not just to those who could not secure regular commercial lending. In addition under the scheme personal guarantees will not be taken for facilities below £250,000. On a practical level the British Business Bank …
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Pension contributions for furloughed workers
The maximum grant will be calculated per employee and is the lower of 80% of an employee’s regular wage and £2,500 per month plus ...
