Hot of the press from the government website this morning are the proposed pension auto-enrolment triggers and band earnings for the next tax year. Such detail is of course important given that automatic enrolment is now a legal requirement for all employers (or at least will be once all have passed their staging dates).
So according to the document the following are the proposed new thresholds (I have included this years rates for reference purposes as well):
Current (15/16)
Auto-enrolment earnings trigger £10,000
Lower limit qualifying earnings band £5,824
Upper limit qualifying earnings band £42,385
Proposed (16/17)
Auto-enrolment earnings trigger £10,000
Lower limit qualifying earnings band £5,824
Upper limit qualifying earnings band £43,000
For more detail on what this means for your company please speak to your usual Jelf Consultant.
Best regards
Steve
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