How do pension contributions work under the Coronavirus Job Retention Scheme (CJRS)?

The Coronavirus Retention Scheme (CJRS) offered grants to cover a portion of the wage costs if you put staff on furlough because of coronavirus.

The scheme ended on 30 September 2021.

Find out more about the phased approach the government took to ending CJRS on gov.uk

After CJRS ended on 30 September

Now that the scheme’s ended, you need to decide to either:

  1. bring your employee back to work on their normal hours
  2. reduce your employees’ hours
  3. terminate their employment (normal redundancy rules apply to furloughed employees).

If you decide to choose the third option, your employees’ pension pots will remain invested with us until they decide to take their money from the age of 55 (proposed to increase to 57 from 2028) or transfer their savings to another provider.

Find out about pension contributions on redundancy pay.

If you’re a bit behind with your contribution submissions and need more information on how the CJRS worked, you can find some frequently asked questions on our dedicated coronavirus webpage.

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