The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2021
Year | 2021 |
2021 No. 314
Pensions
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2021
Made 15th March 2021
Coming into force 6th April 2021
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 20081should 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 Act3and 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 interpretation
1.—(1) This Order may be cited as the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2021.
(2) This Order comes into force on 6th April 2021.
(3) In this Order, “the Act” means the Pensions Act 2008.
Increase of amount
2. 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 (b), for “£50,000” substitute “£50,270”.
Rounded figures
3. 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 figure5in 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 |
£967 |
2 weeks |
£384 |
£240 |
£1,934 |
4 weeks |
£768 |
£480 |
£3,867 |
1 month |
£833 |
£520 |
£4,189 |
3 months |
£2,499 |
£1,560 |
£12,568 |
6 months |
£4,998 |
£3,120 |
£25,135 |
Revocations
4. The following are revoked—
(a) the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 20198, to the extent it remains in force; and
(b) article 3 of the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 20209.
Will Quince
Parliamentary Under Secretary of State
Department for Work and Pensions
15th March 2021
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”), following the annual review of the earnings trigger and qualifying earnings band which apply for the purposes of automatic enrolment into a...
To continue reading
Request your trial