Automatic enrolment thresholds 2015-16
30 March 2015
The automatic enrolment thresholds and values by pay reference period have been approved by Parliament.
The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2015 was laid before Parliament in January by the Department for Work and Pensions.
This draft has since been made as a UK Statutory Instrument: The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2015 No. 468 and approves the proposed thresholds and expected values by pay reference as per the tables below.
|
2015-2016 |
Annual threshold |
|
Lower level of qualifying earnings |
£5,824 |
|
Earnings trigger for automatic enrolment |
£10,000 |
|
Upper level of qualifying earnings |
£42,385 |
|
Expected values by pay reference period |
||||||
|
2015-2016 |
1 week |
Fortnight |
4 weeks |
1 month |
1 quarter |
Bi-annual |
|
Lower level of qualifying earnings |
£112 |
£224 |
£448 |
£486 |
£1,456 |
£2,912 |
|
Earnings trigger for automatic enrolment |
£192 |
£384 |
£768 |
£833 |
£2,499 |
£4,998 |
|
Upper level of qualifying earnings |
£815 |
£1,631 |
£3,261 |
£3,532 |
£10,597 |
£21,193 |