What is Qualifying Earnings

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  3. What is Qualifying Earnings

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.

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