In this article we are going succinctly outline the official auto enrolment thresholds for this tax year and the coming tax year as well as outline the auto enrolment staging dates.
Once every year the DWP (Department of Work and Pensions) reviews the earnings thresholds for auto enrolment. The changes come into action from the beginning of the next tax year following the changes on the 6th of April.
Below we have provided a table containing the earnings thresholds for the current tax year (2015-2016). This is followed by a second table containing the expected/proposed earnings thresholds for the 2016-2017 tax year. The earnings thresholds for the 2016-2017 tax year have been published in an Order (which is a type of secondary legislation) by the DWP and has been put forward to Parliament. At this time, it is still subject to Parliamentary approval.
Earnings Thresholds for The Current Tax Year (2015-2016).
Expected/Proposed Earnings Thresholds For Coming Tax Year (2016-2017).
Auto Enrolment Staging Dates
The auto enrolment staging dates were finalised in law on the 1st of April 2012. They represent the dates that auto enrolment come into effect for different companies. A company will have to know their PAYE reference number as well as the number of people they had in employment on the 1st April 2012 to find out their auto enrolment staging date.
To see a list of past, upcoming and future auto enrolment staging dates please visit this link.
However, we recommend you use this handy tool to find out your auto enrolment staging date. Just enter your PAYE reference number, hit enter, and the tool will do the rest and tell you your date.
There are some small set of circumstances when the tool will not display your auto enrolment staging date when you enter your details. Click here to see these set of circumstances. Also, if you are new employer, who started employing their first employees after the 1st April 2012 then click here to see the staging dates that are relevant for you.
We hope this article has helped in informing you of the auto enrolment thresholds for this tax year and next tax year as well the auto enrolment staging dates for your specific company. If you are unsure about anything regarding auto enrolment, we strongly recommend you visit the official government pension site for more information and guidance.