{"id":976,"date":"2017-02-07T16:17:16","date_gmt":"2017-02-07T16:17:16","guid":{"rendered":"http:\/\/www.withcreative.co.uk\/dev\/auto-enrolment-thresholds-for-2017-18\/"},"modified":"2021-01-15T00:31:15","modified_gmt":"2021-01-15T00:31:15","slug":"auto-enrolment-thresholds-for-2017-18","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/langricks\/auto-enrolment-thresholds-for-2017-18\/","title":{"rendered":"Auto Enrolment Thresholds for 2017-18"},"content":{"rendered":"

The DWP recently confirmed the thresholds that will apply to auto enrolment pensions from April 2017.<\/p>\n

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The main qualifying threshold at which employees should be automatically enrolled will be maintained at \u00a310,000 per annum. The lower limit of the qualifying earning band (the amount at which you must start contributing to an employee\u2019s pension) will be \u00a35,876. The upper limit will be \u00a345,000.<\/p>\n

If you use qualifying earnings to work out employer contributions the first \u00a35,876 of an employee\u2019s annual earnings isn\u2019t included in the calculation. You\u2019ll contribute a percentage of a worker\u2019s gross annual earnings that fall between \u00a35,876 and \u00a345,000. \u00a0So if an employee earns \u00a320,000, the earnings on which you pay a contribution will be \u00a314,124.<\/p>\n

Staging dates<\/h2>\n

Many small and micro-businesses will have auto enrolment staging dates within the coming financial year. If this applies to you, you should already have been notified of your date.<\/p>\n

If your staging date is in 2017-18 your preparations should already be well under way. If you don\u2019t feel you are properly prepared then get in touch and Langricks will be happy to help.<\/p>\n

To be on the safe side, you can check your staging date by entering your PAYE number into the tool on the Pensions Regulator website: http:\/\/www.thepensionsregulator.gov.uk\/employers\/staging-date.aspx<\/a><\/p>\n

Exemptions<\/h2>\n

Micro businesses that have no employees other than directors who work without a contract of employment may be exempt from auto enrolment. However, you will need to fill out a declaration so you still can\u2019t ignore your staging date. Read more about exemptions.<\/a><\/p>\n