Generally speaking, if you have a workplace pension, your employer will continue to pay into your pension when you’re furloughed, as long as you do. The amount that’s paid into your pension may reduce, but this will vary by employer.

From 1 July 2020, even if you’re still on furlough, you may be able to start working for your employer again on a part-time basis. This means that any reduced pension contributions could be increased again to the amount that was being paid in before you were furloughed. However, this will vary by employer.

If you’re furloughed before 1 August 2020, the government will reimburse the required minimum pension contributions to your employer, so they can continue to pay into your pension. However, there may be a shortfall between how much the government reimburses versus how much your employer currently contributes.

If you’re furloughed on or after 1 August 2020, your employer isn’t able to claim any pension contributions from the government.

Your employer will be able to provide you with information on what this means for you.

If you have an individual pension (rather than a workplace pension) and have been furloughed, your payments will continue unless you’ve requested otherwise.

The government-run Coronavirus Job Retention Scheme officially closes on 31 October 2020.

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