Auto-Enrolment Minimum Payments
Option 1- At least basic pay* is pensionable | Option 1- At least basic pay* is pensionable | Option 2- Qualifying earnings (or at least 85% of total pay) are pensionable | Option 2- Qualifying earnings (or at least 85% of total pay) are pensionable | Option 3- Total pay is pensionable | Option 3- Total pay is pensionable | |
Payment Phasing Period | Minimum Employer Payment | Minimum Total Gross Payment | Minimum Employer Payment | Minimum Total Gross Payment | Minimum Employer Payment | Minimum Total Gross Payment |
Oct 2018 onwards | 4% | 9% | 3% | 8% | 3% | 7% |
*Basic pay includes regional allowance, but no other allowance, benefit in kind or irregular payment such as commission, overtime, bonus
2020/21 Earnings Threshold
Threshold | Yearly | Monthly | Weekly |
Lower Limit Qualifying Earnings | £6,240 | £520.00 | £120.00 |
Earnings Trigger | £10,000 | £833.33 | £192.30 |
Upper Limit of Qualifying Earnings | £50,000 | £4,167 | £962.00 |