Draft Order laid before Parliament under section 143(4) and (5)(c) of the Pensions Act 2008, for approval by resolution of each House of Parliament.
2018 No. XXXX
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2018
Made
Coming into force
The Secretary of State for Work and Pensions has considered whether any of the amounts in sections 3(1)(c), 5(1)(c) and 13(1)(a) and (b) of the Pensions Act 20081 should be increased or decreased, as required by section 14(1) of that Act.
A draft of this Order was laid before Parliament in accordance with section 143(4) and (5)(c) of that Act2 and approved by a resolution of each House of Parliament.
The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 14(2), 15A(1) and 144(4) of that Act3.
Citation, commencement and interpretation1
1
This Order may be cited as the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2018 and comes into force on 6th April 2018.
2
In this Order, “the Act” means the Pensions Act 2008.
Increase of amounts2
In section 13(1) of the Act (qualifying earnings)—
a
in paragraph (a) for “£5,876” substitute “£6,032”; and
b
in paragraph (b) for “£45,000” substitute “£46,350”.
Rounding of figures3
For the purposes of sections 3(6B), 5(7B) and 13(2) of the Act4, in the case of a pay reference period of a length described in the first row of the table, the rounded figure in respect of the provision of the Act mentioned in the first column of the table is that which appears below the pay reference period which corresponds to that provision.
1 week | 2 weeks | 4 weeks | 1 month | 3 months | 6 months | |
---|---|---|---|---|---|---|
Sections 3(6B) and 5(7B) | £192 | £384 | £768 | £833 | £2,499 | £4,998 |
Section 13(2) (referring to section 13(1)(a)) | £116 | £232 | £464 | £503 | £1,508 | £3,016 |
Section 13(2) (referring to section 13(1)(b)) | £892 | £1,783 | £3,566 | £3,863 | £11,588 | £23,175 |
Revocation4
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 20175 is revoked.
Signed by authority of the Secretary of State for Work and Pensions
(This note is not part of the Order)