What are banded earnings?

Banded earnings are earnings between the Auto enrolment Lower Earnings Band and the Upper Earnings Band.

All earnings between these two amounts are eligible for the minimum percentage contributions specified under Auto enrolment.

The current figures specified for 2022/23 are:

  • Lower Earnings Band: £6,240
  • Upper Earnings Band: £50,270

The contributions are divided between Employer and Employee, the minimum amount being 3.00%

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