Draft Order laid before Parliament under section 143(4) and (5)(c) of the Pensions Act 2008, for approval by a resolution of each House of Parliament.
2020 No. 000
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2020
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 Act2.
A draft of this Order was laid before Parliament in accordance with section 143(4) and (5)(c) of that Act3 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 Act4.
Citation, commencement and interpretation1
1
This Order may be cited as the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2020.
2
This Order comes into force on 6th April 2020.
3
In this Order, “the Act” means the Pensions Act 2008.
Increase of amount2
In section 13(1) of the Act, (which deals with qualifying earnings and the amounts constituting the lower and upper thresholds of the qualifying earnings band), in paragraph (a), for “£6,136” substitute “£6,240”.
Rounded figures3
For the purposes of sections 3(6B), 5(7B) and 13(2) of the Act, 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 of the Act, is the rounded figure5 in the corresponding entry in column 2 of the table;
b
the lower amount of qualifying earnings (see section 13(1)(a) of the Act), is the rounded figure in the corresponding entry in column 3 of the table6;
c
the upper amount of qualifying earnings (see section 13(1)(b) of the Act), is the rounded figure in the corresponding entry in column 4 of the table7.
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 | £120 | £962 | |
2 weeks | £384 | £240 | £1,924 | |
4 weeks | £768 | £480 | £3,847 | |
1 month | £833 | £520 | £4,167 | |
3 months | £2,499 | £1,560 | £12,500 | |
6 months | £4,998 | £3,120 | £25,000 |
Revocation4
Articles 2(a) and 3 of the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 20198 are revoked.
Signed by authority of the Secretary of State for Work and Pensions
(This note is not part of the Order)