Automatic enrolment thresholds 2015-16
29 January 2015
The proposed 2015-16 automatic enrolment thresholds have been published in an Order and laid before Parliament.
The 2015-16 automatic enrolment thresholds have been published in The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2015 by the Department for Work and Pensions and laid before Parliament. The Order is subject to Parliamentary approval and we will republish details when it has been approved.
Below are the proposed thresholds and expected values by pay reference.
The proposed 2015/16 threshold amounts are:
|
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 |