Minister for Pensions (): Automatic enrolment has
transformed workplace pension saving for millions of workers.
However, despite this success, the Government recognises that
millions are still undersaving for their retirement. That is why
we have revived the landmark Pensions Commission to finish the
job we started 20 years ago. The Commission will examine why
tomorrow's pensioners are on track to be poorer than today's and
make recommendations for change.
It is against the backdrop of the Commission's work that I have
considered and completed this year's annual statutory review of
the automatic enrolment thresholds, which are the earnings
trigger and lower and upper earnings limits of the qualifying
earnings band. The main focus of this year's annual statutory
review has been to ensure the continued stability of automatic
enrolment for employers and individuals, particularly during the
ongoing work of the Pensions Commission which will explore long
term questions of adequacy and how to improve retirement
outcomes, especially for those on the lowest incomes and at the
greatest risk of poverty or undersaving.
The thresholds review has therefore concluded that all automatic
enrolment thresholds for 2026/27 will be maintained at their
2025/26 levels.
The 2026/27 Annual Thresholds:
The automatic enrolment earnings trigger will remain at £10,000.
The lower earnings limit of the qualifying earnings band will
remain at £6,240.
The upper earnings limit of the qualifying earnings band will
remain at £50,270.
The publication supporting the review will be published on the
www.gov.uk(opens in a new
tab) website and a copy placed in the Library of the House.
