What’s an eligible jobholder?

Answer

An eligible jobholder is an employee who must be automatically enrolled and is:

– aged between 22 and State Pension age (SPA) and

– earns above £10,000 a year / £833 a month / £192 a week (2017/2018 tax year) – known as the earnings trigger and

– working or ordinarily working in the UK.

These employees must be put into a pension scheme and have money paid into their pension pots on a regular basis.

If you’ve been described as an ‘eligible’ employee before, you may hear this now classed as ‘type 1’ (‘entitled’ and ‘non-entitled’ employees are now known as ‘type 2’). It’s just one of the ways The Pensions Regulator is simplifying jargon to make it less complicated.

LikeDislike (No Ratings Yet)
Loading...