Pensions: Coronavirus

(asked on 24th March 2021) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if she will bring forward legislative proposal to ensure that employers affected by the covid-19 outbreak cannot retain employee pension deductions as cashflow rather than pay into the relevant pension scheme.


Answered by
Guy Opperman Portrait
Guy Opperman
This question was answered on 13th April 2021

No. Employers are not permitted to hold pension contributions as cash flow.

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