Posted in General News and Newsletters
The DWP has confirmed the annual thresholds for the 2020 - 2021 tax year, as follows:
Pay Reference Period | |||||
2020 - 2021 | Annual | 1 week | Fortnight | 4 weeks | 1 month |
Lower level of qualifying earnings | £6,240 | £120 | £240 | £480 | £520 |
Earnings trigger for automatic enrolment | £10,000 | £192 | £384 | £768 | £833 |
Upper level of qualifying earnings | £50,000 | £962 | £1,924 | £3,847 | £4,167 |