Following the government’s annual review of the workplace pensions automatic enrolment earnings trigger and qualifying earnings band for 2020/21, the minister for pensions and financial inclusion at the DWP has issued a written statement announcing that the earnings trigger will be maintained at £10,000. The lower limit of the qualifying earnings band will increase to £6,240, while the upper limit will remain at £50,000 to maintain alignment with the NICs lower and upper earnings limits.
The government intends to lay an order following the February parliamentary recess giving effect to the new thresholds.
Following the government’s annual review of the workplace pensions automatic enrolment earnings trigger and qualifying earnings band for 2020/21, the minister for pensions and financial inclusion at the DWP has issued a written statement announcing that the earnings trigger will be maintained at £10,000. The lower limit of the qualifying earnings band will increase to £6,240, while the upper limit will remain at £50,000 to maintain alignment with the NICs lower and upper earnings limits.
The government intends to lay an order following the February parliamentary recess giving effect to the new thresholds.
