Statutory Instruments
2014 No. 623
Pensions
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2014
Made
12th March 2014
Coming into force
6th April 2014
M1 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 2008 should be increased or decreased, as required by section 14(1) of that Act.
M2 A draft of this Order was laid before Parliament in accordance with section 143(4) and (5)(c) of the Pensions Act 2008 and approved by a resolution of each House of Parliament.
M3 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 the Pensions Act 2008 .
Citation, commencement and interpretation
1. —(1) This Order may be cited as the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2014 and comes into force on 6th April 2014.
(2) In this Order “ the Act ” means the Pensions Act 2008.
Increase of amounts
M42. —(1) In sections 3(1)(c) (automatic enrolment) and 5(1)(c) (automatic re-enrolment) of the Act , for “£9,440” substitute “ £10,000 ” .
M5 (2) In section 13(1) (qualifying earnings) of the Act —
(a) in paragraph (a), for “£5,668” substitute “ £5,772 ” ; and
(b) in paragraph (b), for “£41,450” substitute “ £41,865 ” .
Rounding of figures
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Revocation
M64.Article 3 of the Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2013 is revoked.
Signed by authority of the Secretary of State for Work and Pensions.
Steve Webb
Minister of State,
Department for Work and Pensions
12th March 2014