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Automatic Enrolment: the Earnings Trigger and Qualifying Earnings Band Review 2024/25 and the Triennial Review of the Alternative Quality Tests
06 February 2024
Type
Written Ministerial Statement
Department
Department for Work and Pensions
At a Glance
Issue Summary
This statement discusses the annual review of automatic enrolment (AE) earnings trigger and qualifying earnings band thresholds for 2024-25 and the triennial review of alternative quality requirements for pension schemes.
Action Requested
The AE thresholds will remain at their current levels, with no changes to the alternative quality requirements for UK defined benefit schemes. The analysis supporting these decisions will be published on the government website and placed in the House of Commons library.
Key Facts
- Automatic enrolment earnings trigger remains at £10,000.
- Lower earnings limit of the qualifying earnings band remains at £6,240.
- Upper earnings limit of the qualifying earnings band remains at £50,270.
- No changes to alternative quality requirements for UK defined benefit schemes.
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