The government has set the earnings threshold at which workers are auto-enrolled at £9,440 for 2013/14.
This comes after a consultation process in which the Department for Work and Pensions (DWP) asked for viewpoints on increasing the upper and lower earnings thresholds. The move links the lower earnings trigger to the personal tax allowance for 2013/14 as the DWP proposed, which was due to be £9,205 but was increased by the Chancellor to £9,440 in the Autumn Statement. In its original consultation, the DWP asked for opinions on linking the upper earnings limit to the top National Insurance contribution band, which is due to fall by £1,025 to £41,450 in the next tax year. It debated ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
