The DWP has today (6 February) confirmed that the existing threshold for the auto-enrolment earnings trigger will be maintained for 2024 to 2025. The AE earnings trigger, the point at which an individual's salary opts them in for automatic enrolment to their workplace pension scheme, has been kept at £10,000.
The extension to the provisions of auto-enrolment (AE) could add more than £100bn to the pension savings of young people over the course of their working lives, research from People’s Partnership has shown.
Minister plans to launch request for tender on Friday to shortlisted firms to build landmark pensions system and publish enabling draft legislation in March