Automatic Enrolment Earnings Triggers
In case you didn’t see it amongst all the furore about Boris Johnson’s interview with my old school mate Eddie Mair; the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band)Order 2013 – SI 2013/667, was recently laid before Parliament. This comes into force on 6 April 2013.
The earnings thresholds for 2013/14 are as follows:
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Automatic enrolment eligibility earnings trigger £9,440
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Lower qualifying earnings band limit £5,668
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Upper qualifying earnings band limit £41,450
We’ll be discussing these with 44 Financial clients (if they impact on you at our next pension reform meeting. If you are not already one of our clients and all this is news to you – give us a call on 0116 260 5443 to book an initial consultation at our cost.
If, on the other hand, you want to see Boris Johnson squirm see the BBC interview here.
Steve Clark