Input the number of eligible employees. Please note that not all employees may be eligible. If you are unsure, please watch the video/guidance note in Workplace Pension product description about eligible employees.
Qualifying earnings are set each year by government having a lower band earnings threshold and an upper band (usually up to the basic rate tax earnings threshold).
Eligible Workers: eligible for tax relief if they’re under age 75 and
- they have UK earnings that are subject to income tax for the tax year
- they’re resident in the UK at some time during the tax year
- they were resident in the UK at some time during the preceding five tax years and when they joined the pension scheme.
Aged 22 to State Pension Age
- All eligible workers earning £10,000 pa must be automatically enrolled (they can then opt out if they wish within 30 days)
- Non eligible worker earning over lower band earnings threshold up to £10,000 pa can ask to be enrolled and IS entitled to Employer Contributions
- Non-eligible worker earning below/up to lower band earnings threshold can ask to be enrolled but NOT entitled to Employer Contributions
Below Age 22 or over State Pension Age
- Non eligible worker earning over lower band earnings threshold can ask to be enrolled and IS entitled to Employer Contributions
- Non-eligible worker earning below/up to lower band earnings threshold can ask to be enrolled but NOT entitled to Employer Contributions