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1486476
registered interest false more like this
date less than 2022-07-05more like thismore than 2022-07-05
answering body
Department for Work and Pensions remove filter
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Workplace Pensions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, with reference to employees who have reached the earnings trigger and are auto-enrolled onto a workplace pension scheme, what assessment she has made of the potential merits of setting the lower limit of qualifying earnings at £0 for the purposes of calculating how much employers should contribute towards an employee’s pension; and whether she has made an estimate of the cost of setting that limit at £0. more like this
tabling member constituency Dwyfor Meirionnydd remove filter
tabling member printed
Liz Saville Roberts more like this
uin 31180 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>It remains the governments intention to lower the earnings limit on Automatic Enrolment as soon as Parliamentary time allows. The latest published estimate of the costs of this change to workplace pensions is set out in the analytical report that accompanied the 2017 Automatic Enrolment (AE) Review, here: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/668657/automatic-enrolment-review-2017-analytical-report.pdf" target="_blank">Automatic enrolment review 2017: analytical report (publishing.service.gov.uk)</a>. <br> <br> It shows that the removal of the AE Lower Earnings Limit (LEL) would initially increase total contributions by £2.6 billion per annum. This represents an initial upper bound cost estimate as, for example, many employers choose to pay above the current automatic enrolment statutory minimum contribution levels.</p><p> </p><p>We continue to build the evidence base and use the latest data to improve the estimates in line with government’s ambition of implementing the AE 2017 Review proposals in the mid-2020s.</p><p> </p><p />
answering member constituency Hexham more like this
answering member printed Guy Opperman more like this
question first answered
less than 2022-07-11T15:52:01.533Zmore like thismore than 2022-07-11T15:52:01.533Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
4521
label Biography information for Liz Saville Roberts more like this