Employer pension

what is the % employer pension can be claimed through furlough, it says 3%

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Hi

If the company is paying more than 3% of employer pension contribution can they calim whatever they are paying or is it only 3% should be claimed through furlough scheme.

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Replies (7)

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RLI
By lionofludesch
22nd Apr 2020 15:39

Minimum contributions only.

3% above the threshold, not 3% of gross pay.

Thanks (2)
By Moonbeam
22nd Apr 2020 15:41

Make sure you read HMRC's "guidance" on how to calculate. Otherwise you could come a cropper. They clearly state that only the legal minimum Ers pension can be claimed.

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Replying to Moonbeam:
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By rememberscarborough
22nd Apr 2020 15:50

Think HMRC are going to have their work cut out validating all the claims before processing payments by Tuesday. They must have some criteria for checking claims but for the life of me I can't work out what they are....

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Replying to rememberscarborough:
RLI
By lionofludesch
22nd Apr 2020 15:52

rememberscarborough wrote:

Think HMRC are going to have their work cut out validating all the claims before processing payments by Tuesday. They must have some criteria for checking claims but for the life of me I can't work out what they are....

Process now, check later has been the mantra for the last 24 years.

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Replying to rememberscarborough:
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By gillybean04
22nd Apr 2020 17:42

rememberscarborough wrote:

Think HMRC are going to have their work cut out validating all the claims before processing payments by Tuesday. They must have some criteria for checking claims but for the life of me I can't work out what they are....

I don't know what processes or criteria they'll use for checks, but as you agree to them retrospectively auditing your claim at any time....I think they will only need to do initial checks before making the payment, as they can always recover sums (and add penalties if suitable) after the fact.

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By Cheshire
22nd Apr 2020 17:43

Knock off 512pm (£118pw) for before 5 April, £520 (120) after

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Cloud Computing
By ngaccounts
22nd Apr 2020 21:36

Erm... No.

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