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The Pensions (Extension of Automatic Enrolment) (No. 2) Bill has passed the second reading and is now at the committee stage. This Bill permits two extensions to automatic enrolment – abolishing the Lower Earnings Limit (LEL) for contributions and reducing the age for being automatically enrolled, to 18 years old.
The Bill was debated in parliament on Friday 14 July 2023 and Baroness Altmann expressed that the measures could benefit 600,000 18 to 21-year-olds working in the private sector.
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