Follow Up: Department of Work and Pensions : Auto Enrolment Thresholds 2013 / 14

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. Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2018

Continue reading

Department of Work and Pensions : Consultation on Auto Enrolment Thresholds 2013 / 14

13 September 2012 The Department of Work and Pensions have published a consultation document on updating the auto enrolment thresholds for the 2013/2014 tax year. The DWP continues to work with three principles that were identified as part of the previous year deliberation: i) bringing the right people into scope, ii) finding the right minimum level of saving and iii) balancing costs and benefits for individuals and employers. The DWP’s provisional proposal updates the threshold levels and, for operational payroll simplicity, aligns these with existing tax and National Insurance thresholds. Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2018

Continue reading