Qualifying earnings is the name given to a band of earnings used to calculate contributions for Auto-Enrolment:
- Total Minimum required: 8% of all Banded Earnings
- Company Minimum: 3% of all Banded Earnings
- Definition: All earnings between £520pm and £4,189 per month are the banded range
- All earnings include any of the following components: salary, commission, bonuses, overtime, maternity pay, statutory sick pay, etc.