Chwilio Deddfwriaeth

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The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order (Northern Ireland) 2019

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Rounded figures

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3.  For a pay reference period referred to in an entry in column 1 of the Table—

(a)the amount of a jobholder’s earnings which triggers the automatic enrolment or, as the case may be, the automatic re-enrolment of the jobholder pursuant to sections 3 and 5 respectively, is the rounded figure(1) in the corresponding entry in column 2 of the Table;

(b)the lower amount of qualifying earnings (see section 13(1)(a)), is the rounded figure(2) in the corresponding entry in column 3 of the Table;

(c)the upper amount of qualifying earnings (see section 13(1)(b)), is the rounded figure in the corresponding entry in column 4 of the Table.

Table

Column 1

Pay reference period

Column 2

Automatic enrolment and automatic re-enrolment earnings trigger: rounded figure

Column 3

Lower amount of qualifying earnings: rounded figure

Column 4

Upper amount of qualifying earnings: rounded figure

1 week£192£118£962
2 weeks£384£236£1,924
4 weeks£768£472£3,847
1 month£833£512£4,167
3 months£2,499£1,534£12,500
6 months£4,998£3,068£25,000
(1)

See sections 3(6B), 5(7B) and 15A of the Pensions (No. 2) Act (Northern Ireland) 2008. Sections 3(6B) and 5(7B) were inserted by section 6(2) and (4) of the Pensions Act (Northern Ireland) 2012 and deal with pay reference periods of less, or more, than 12 months. Section 15A provides for the specification of rounded figures in respect of specified pay reference periods

(2)

See sections 13(2) and 15A of the Pensions (No. 2) Act (Northern Ireland) 2008. Section 13(2) deals with pay reference periods of less, or more, than 12 months in connection with the amounts constituting the lower and upper amounts of the qualifying earnings band

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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.

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