New rules for Coronavirus Job Retention Scheme apply from today

The Coronavirus Job Retention Scheme (CJRS) opened for claims on 20 April 2020. The scheme, which was originally due to end on 31 May, will remain in place and be available to employers in all sectors through to the end of October 2020. However, a number of changes will apply from today (1 July 2020). … Read more

Chancellor extends Coronavirus Job Retention Scheme until end of October

The Chancellor has just announced in Parliament that: the Coronavirus Job Retention Scheme will remain in place and be available to all sectors through to the end of October the scheme will continue without change until the end of July from August there will be greater flexibility in particular, employers currently using the scheme will … Read more

Budget 2020: Key pensions points

Despite all of the traditional talk of changes to pensions tax relief in the run-up to the Budget, today’s Budget turned out to be a quiet one for pensions, with the Chancellor’s focus and priorities elsewhere. However, the Budget did include some pensions-related announcements including the launch of the consultation on the future of the … Read more

HMRC publishes guidance on tax consequences of GMP equalisation

HMRC has today issued its long-awaited guidance on some of the tax issues associated with implementing GMP equalisation. The guidance is limited in scope as it only relates to benefit adjustments where the reason for the adjustment is solely GMP equalisation. In addition, it only relates to equalisation methods where a dual record keeping (or … Read more

What does the election result mean for pensions?

So, the Conservatives return to Government with an 80 seat majority – a result few people predicted in the run-up to last Thursday’s poll. At a macro level, this removes a great deal of the (immediate) uncertainty that has existed since the EU referendum in June 2016. Barring a very unexpected turn of events, we … Read more