19 December 2012
The Department of Work and Pensions has announced the results of their consultation on auto enrolment thresholds for 2013/14 (our previous article is published here).
The conclusion of the consultation has agreed DWP’s approach to align the three key thresholds to the corresponding National Insurance thresholds and the earnings trigger has been adjusted to take into account changes in the PAYE threshold announced in the Chancellor’s Autumn Statement.
|Earnings Trigger||£8,105||£9,440||PAYE Tax Threshold|
|Lower Qualifying Earnings||£5,564||£5,668||NIC Lower Earnings|
|Upper Qualifying Earnings||£42,475||£41,450||NIC Upper Earnings|