The Pensions Minister has announced the proposed automatic enrolment thresholds for the year 2014/2014. These are as follows:
- GBP 10,000 for the automatic enrolment earnings trigger;
- GBP 5,772 for the lower limit of the qualifying earnings band;
- GBP 41,865 for the upper limit of the qualifying earnings band.
The Order is due to come into force on 6 April 2014. It is not expected that the proposed limits will change before they are implemented, although they must first be approved by Parliament.