LOWER EARNINGS LIMIT

Motion Text

That this House recognises that the Government's 2017 pledge to remove the Lower Earnings Limit (LEL) would provide a boost for the retirement pots of low-income workers; understands that the Government has given only a vague timescale commitment to lower the threshold in the mid-2020s; believes that low paid workers will be left thousands of pounds worse off due to missed contributions and investment gains should the Government delay this change in policy; acknowledges that more than nine million workers have missed out on auto-enrolment as they do not meet age and earnings eligibility criteria; and calls on the Govemment to take forward the promised pension reforms and remove the LEL sooner rather than later.