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Automatic Enrolment Earnings Trigger and Qualifying Earnings Band Review 2022/23
08 February 2022
Type
Written Ministerial Statement
Department
Department for Work and Pensions
At a Glance
Issue Summary
The statement addresses the annual review of Automatic Enrolment (AE) earnings trigger and qualifying earnings band thresholds for 2022/23.
Action Requested
The AE thresholds will be frozen at 2021/22 levels, ensuring policy stability and affordability. The analysis supporting this decision will be published in the House library and on the gov.uk website after publication.
Key Facts
- Since its introduction in 2012, over 10 million people have been automatically enrolled.
- Savings by eligible employees has increased by £28.4 billion.
- The AE thresholds will be frozen for 2022/23 at 2021/22 levels.
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