The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2016

JurisdictionUK Non-devolved
CitationSI 2016/435

2016No. 435

PENSIONS

The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2016

23rdMarch2016

6thApril2016

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 2008( 1) 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 Act( 2) and approved by a resolution of each House of Parliament.

The Secretary of State for Work and Pensions, in exercise of the powers conferred by sections 14(2), 15A(1) and 144(4) of that Act( 3), makes the following Order:

Citation, commencement and interpretation

1.—(1) This Order may be cited as the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2016 and comes into force on 6th April 2016.

(2) In this Order, ‘the Act’ means the Pensions Act 2008.

Increase of amount

2. In section 13(1)(b) of the Act (qualifying earnings), for ‘£42,385’ substitute ‘£43,000’.

Rounding of figures

3. For the purposes of sections 3(6B), 5(7B) and 13(2) of the Act( 4), 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.

Table

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))

£112

£224

£448

£486

£1,456

£2,912

Section 13(2) (referring to section 13(1)(b))

£827

£1,654

£3,308

£3,583

£10,750

£21,500

Revocation

4. Article 3 of the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2015( 5) is revoked.

Signed by authority of the Secretary of State for Work and Pensions

23rd March 2016

Altmann

Minister of State,

Department for Work and Pensions

EXPLANATORY NOTE

(This note is not part of the Order)

This Order makes provision under sections 14 and 15A of the Pensions Act 2008 (c. 30)(‘the Act’).

Article 2 increases the amount in section 13(1)(b) of the Act (qualifying earnings) from £42,385 to £43,000. Section 13 of the Act provides that a person's qualifying earnings are earnings of more than the amount specified in subsection (1)(a) of that section and not more than the amount specified in subsection (1)(b)...

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