Employees may choose to opt out of the scheme, but the employer must not coerce or encourage their employees in any way.
Further updates to employer guidance are due from the w/c 14 April 2020.
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Recognised overseas pension schemes notification list 20 April 2020
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been eight scheme names added to the list, and none removed. No amendments have been cited in this update.
A very welcome change is that HMRC now list the updates, as follows.
Schemes added
Australia
ADNPP Super Fund AKSU Superannuation Fund Derek Bryan Superannuation Fund Lloyd Superannuation Fund Luiela SMSF Miller Superannuation Fund PSMON Super WingDing Superannuation Fund
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.
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TPR guidance on calculating pension contributions where there is a salary sacrifice arrangement for the CJRS 21 April 2020 The Pensions Regulator (TPR) has published detailed technical guidance, aimed primarily at larger employers, which will assist in understanding the interaction between the calculation of normal pension contributions and pension contributions that can be claimed under the Coronavirus Job Retention Scheme (CJRS). The guidance relates specifically to pension contributions where there is a salary sacrifice arrangement. The grant available under the CJRS does not alter an employer’s usual pension contribution payment obligations or processes, and when calculating the pension contribution due for a furloughed worker who has a salary sacrifice arrangement for pension contributions in place, contractual obligations and pension scheme rules will continue to apply as normal.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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