Department of Work and Pensions : Consultation on Auto Enrolment Thresholds 2013 / 14

brass model of earth with cutaway clockwork gearsamadorgs | Shutterstock

13 September 2012
The Department of Work and Pensions have published a consultation document on updating the auto enrolment thresholds for the 2013/2014 tax year.

The DWP continues to work with three principles that were identified as part of the previous year deliberation: i) bringing the right people into scope, ii) finding the right minimum level of saving and iii) balancing costs and benefits for individuals and employers.

The DWP’s provisional proposal updates the threshold levels and, for operational payroll simplicity, aligns these with existing tax and National Insurance thresholds.

2012/20132013/2014Payroll Alignment
Earnings Trigger£8,105£9,205PAYE Tax Threshold
Lower Qualifying Earnings£5,564c £5,720NIC Lower Earnings
Upper Qualifying Earnings£42,475£41,450NIC Upper Earnings

The DWP consultation document can be found here. The consultation closes on 17 October 2012.

Over to You:

  • If you found this content useful, please feel free to share it using the buttons at the bottom of the webpage
  • If you’d like to be kept in touch with my writings as they are published, please subscribe to my Mailing List
  • If you think I might be able to help your business with your pensions related challenges – please email or call me

Author: Martin Veasey
© 2011 – 2020

Comments are closed.