If you are in the process of carrying out some forward planning in terms of costs for Auto Enrolment, remembder to take into account the 2014/15 thresholds that will be introduced from 6th April 2014.
The thresholds are:
- £10,000 as the Automatic Enrolment earnings trigger
- £5,772 as the lower limit of the qualifying earnings band (if qualifying earnings are to be used)
- £41,865 as the upper limit of the qualifying earnings band (if qualifying earnings are to be used)
These figures will be reviewied annuall and we will be sure to keep you update with any amendments to these limits.