Rounded figures

3.  For the purposes of sections 3(6B), 5(7B) and 13(2) of the Act, for a pay reference period referred to in an entry in column 1 of the table—

(a)the amount of a jobholder’s earnings which triggers the automatic enrolment, or as the case may be, the automatic re-enrolment of the jobholder pursuant to sections 3 and 5 respectively of the Act, is the rounded figure(1) in the corresponding entry in column 2 of the table;

(b)the lower amount of qualifying earnings (see section 13(1)(a) of the Act), is the rounded figure in the corresponding entry in column 3 of the table(2);

(c)the upper amount of qualifying earnings (see section 13(1)(b) of the Act), is the rounded figure in the corresponding entry in column 4 of the table(3).

Table

Column 1

Pay Reference Period

Column 2

Automatic enrolment and automatic re-enrolment earnings trigger: rounded figure

Column 3

Lower amount of qualifying earnings: rounded figure

Column 4

Upper amount of qualifying earnings: rounded figure

1 week£192£120£967
2 weeks£384£240£1,934
4 weeks£768£480£3,867
1 month£833£520£4,189
3 months£2,499£1,560£12,568
6 months£4,998£3,120£25,135
(1)

See sections 3(6B), 5(7B) and 15A of the Act. Sections 3(6B) and 5(7B) were inserted by section 5(2) and (4) respectively of the 2011 Act and deal with pay reference periods of less, or more, than 12 months. Section 15A provides for the specification of rounded figures in respect of specified pay reference periods.

(2)

See section 13(2) and 15A of the Act. Section 13(2) deals with pay reference periods of less, or more, than 12 months in connection with the amounts constituting the lower and upper amounts of the qualifying earnings band.

(3)

See footnote (b) relating to article 3(b).