Revenue and Customs: Credit Unions
The question
To ask the Chancellor of the Exchequer, if she will ask the Chief Executive of HMRC to meet with the Permanent Secretary of the Department for Work and Pensions and the Permanent Secretary of the Ministry of Defence to discuss the potential merits of payroll deduction for credit union schemes.
Answered by Dan Tomlinson
HMRC’s financial wellbeing offer for its workforce, aligned to the Civil Service Financial Strategy, includes access to a variety of advances including rental deposits and season ticket loans, as well as debt/budgeting advice and support through its Employee Assistance Programme.
HMRC has no current plans to introduce payroll deduction arrangements, to enable its employees to join a Credit Union. It does not hold the role of policy lead for payroll deduction schemes across government, and decisions on the merits of payroll deduction arrangements would be a matter for the relevant departments.
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