Are there changes to the auto-enrolment figures?
Earnings trigger
The earnings trigger determines at what point an eligible worker is entitled to be automatically enrolled into a qualifying workplace pension scheme. It will be maintained at £10,000 for tax year 2020/21 (see Follow up ). This will be the sixth year in a row that the earnings trigger has been frozen.
Qualifying earnings band
The qualifying earnings band sets minimum contribution levels for money purchase pension schemes. The minimum of the band is also relevant for defining who can choose to opt in to your workplace pension scheme if they earn under the earnings trigger. The band will continue to be aligned to the NI contribution thresholds for tax year 2020/21. This means that the lower limit of the band will increase from £6,136 to £6,240, but the upper limit of the band will remain at £50,000.
Pro advice. An Order will shortly be laid before Parliament to amend the Pensions Act 2008 to give effect to the increased figure.
Auto-enrolment earnings trigger and qualifying earnings band review 2020/21: written statement
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