PoundsThe Department for Work and Pensions (DWP) has confirmed today that the earnings trigger for automatic enrolment into a pension scheme will rise to £10,000 from April 2014 – The previous figure was £9,440. There are also changes the lower and upper earnings limits (Qualifying Earnings) upon which auto-enrolment contributions are based have been set at £5,772 and £41,865, respectively. Please see the table for the comparison between this current year and next year.

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Incidentally it has been reported that this rise will lead to a further 170,000 people falling under the threshold to be auto enroled, most of these will be part time jobs and 120,000 of the are women.

TAP Assist can help you understand all this, please get in contact if you need more information