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  • FIRST POST
    • carlbhoy
    • By carlbhoy 17th Dec 17, 8:16 PM
    • 70Posts
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    carlbhoy
    Minimum earnings
    • #1
    • 17th Dec 17, 8:16 PM
    Minimum earnings 17th Dec 17 at 8:16 PM
    Could anyone confirm, as I've read on this forum, that if you earn below 10000, you will not be automatically enrolled in the pension scheme, thanks
Page 1
    • Paul_Herring
    • By Paul_Herring 17th Dec 17, 9:25 PM
    • 6,301 Posts
    • 3,012 Thanks
    Paul_Herring
    • #2
    • 17th Dec 17, 9:25 PM
    • #2
    • 17th Dec 17, 9:25 PM
    Going by regulartory requirements, yes:

    http://www.thepensionsregulator.gov.uk/automatic-enrolment-earnings-threshold.aspx#s20250

    "Earnings trigger for automatic enrolment" is 10,000!!!8230; but once you hit it, anything from 5,876 (up to 45,000) is used to calculate the minimum amount.

    But some companies may simplify by including everyone anyway, and take total salary into account.
    Conjugating the verb 'to be":
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    • carlbhoy
    • By carlbhoy 17th Dec 17, 10:58 PM
    • 70 Posts
    • 4 Thanks
    carlbhoy
    • #3
    • 17th Dec 17, 10:58 PM
    • #3
    • 17th Dec 17, 10:58 PM
    I am a limited company, work for myself, my wife is named as a secretary, simply because she is a housewife, my accountant tells me to pay her 680 a month, so what I'm really asking as she will be earning a salary of 8160, will she have to be enrolled?
    • dunstonh
    • By dunstonh 18th Dec 17, 1:54 PM
    • 93,048 Posts
    • 60,441 Thanks
    dunstonh
    • #4
    • 18th Dec 17, 1:54 PM
    • #4
    • 18th Dec 17, 1:54 PM
    I am a limited company, work for myself, my wife is named as a secretary, simply because she is a housewife, my accountant tells me to pay her 680 a month, so what I'm really asking as she will be earning a salary of 8160, will she have to be enrolled?
    Originally posted by carlbhoy
    If it is just you two then you dont have to worry about auto-enrolment. Only if you have employees do you have to worry about it.

    You can stick with your individual pension and make any company contributions you like to either of you.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • greenglide
    • By greenglide 18th Dec 17, 3:02 PM
    • 3,104 Posts
    • 2,020 Thanks
    greenglide
    • #5
    • 18th Dec 17, 3:02 PM
    • #5
    • 18th Dec 17, 3:02 PM
    I am a limited company, work for myself
    No , you don't.

    You are a director of a limited company and you are employed by that company

    The company is, I hope, paying employer contributions into pension schemes for both of you.

    You would not, normally, make any employee contributions.
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