Automatic enrolment earnings thresholds 2014/15
17 March 2014
The automatic enrolment thresholds have now completed the Parliamentary process and will come into effect from 6 April 2014.
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2014 confirms the annual thresholds and rounded figures by pay reference period as shown in the tables below.
|
2014-2015 |
Annual threshold |
|
Lower level of qualifying earnings |
£5,772 |
|
Earnings trigger for automatic enrolment |
£10,000 |
|
Upper level of qualifying earnings |
£41,865 |
|
Values by pay reference period |
||||||
|
2014-2015 |
1 week |
Fortnight |
4 weeks |
1 month |
1 quarter |
Bi-annual |
|
Lower level of qualifying earnings |
£111 |
£222 |
£444 |
£481 |
£1,443 |
£2,886 |
|
Earnings trigger for automatic enrolment |
£192 |
£384 |
£768 |
£833 |
£2,499 |
£4,998 |
|
Upper level of qualifying earnings |
£805 |
£1,611 |
£3,221 |
£3,489 |
£10,467 |
£20,933 |