My noble Friend the Minister of State, Department for Work and Pensions (Baroness Altmann) has made the following written statement.
I am today announcing the proposed automatic enrolment thresholds for next year.
It is intended to lay an Order before Parliament in the new year which will include the following: £43,000 for the upper limit of the qualifying earnings band.
The automatic enrolment earnings trigger will be frozen at £10,000. The lower limit of the qualifying earnings band will also remain frozen at £5,824.
I will also be placing a copy of the analysis supporting the proposed revised thresholds in the Library of the House and a copy can be found online at: www.gov.uk