Pensions: Coronavirus Job Retention Scheme

Treasury written question – answered on 24th June 2020.

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Photo of Baroness Altmann Baroness Altmann Conservative

To ask Her Majesty's Government how much they estimate they have spent on paying auto-enrolment pension contributions for furloughed workers during the COVID-19 pandemic; how many workers are having auto-enrolment pension contributions made for them by the Government as a result of the Coronavirus Job Retention Scheme; and what estimate they have made of the ongoing costs to the Exchequer of these pension contributions for the year 2020/21. [T]

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

Official Statistics on the Coronavirus Job Retention Scheme (CJRS) were published on 11 June 2020 by HM Revenue and Customs. The statistics contain Coronavirus Job Retention Scheme claims by employer size, sector, region, Westminster parliamentary constituency and local authority.

The Office for Budget Responsibility (OBR) has published estimates of the cost of the CJRS. These do not include separate estimates for the auto-enrolment pension contributions element of the scheme.

The latest OBR estimates are available in the OBR’s coronavirus policy monitoring database, which can be found at on the OBR website.

The Official Statistics on the Job Retention Scheme can be found on the gov.uk website.

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