In a press statement, the Department for Work and Pensions (DWP) celebrated ten years of automatic enrolment (AE). Since this transformational policy was implemented, over ten million employees have contributed to their workplace pension.
At the end of the statement, the DWP discusses future plans, including pension dashboards and midlife MOT's
Also confirmed, is that the government is exploring abolishing the Lower Earnings Limit for contributions and reducing the eligible age to 18. These plans have previously been discussed in a private members bill, but confirmation of the DWP actively taking interest is promising for its success.
Automatic enrolment earnings threshold
Currently anyone under 21 working in the UK are classed as Non-eligible jobholders - meaning they are not enrolled into a workplace pension scheme. If they are still with their current employer when they reach their 22nd birthday they will opt-in to their workplace pension scheme.
With the proposed change anyone employed over 18+ will be enrolled into a pension scheme and both the employee and employer would have to contribute.
We will keep an eye out of any changes prior to the published article.