The Department for Work and Pensions (DWP) has announced that it will conduct a review of automatic enrolment during 2017, which will focus on ensuring that auto-enrolment continues to meet the needs of individual savers. Evidence will also be gathered about the appropriate level of future contributions into workplace pensions, although the Government does not expect to make policy decisions on this area during 2017. Meanwhile, the DWP has confirmed that for the 2017/18 tax year the earnings trigger will remain fixed at £10,000, and the lower and upper ends of the qualifying earnings band will continue to be set in line with the National Insurance contributions lower and upper earnings limits (£5,876 and £45,000 respectively). Click here for more.
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