Yesterday the DWP issued recommendations for the pensions Auto-Enrolment (AE) earnings thresholds to be used in the next tax year.
The proposed figures for 2014/15 are as follows:
• £10,000 for the automatic enrolment earnings trigger
• £5,772 for the lower limit of the qualifying earnings band
• £41,865 for the upper limit of the qualifying earnings band
So an important announcement for any employer in the midst of AE planning/compliance.
For info, these figures are reviewed annually.
Best regards
Steve
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