Lower Earnings Limit definition

Lower Earnings Limit means, subject to the Third Schedule, for each financial year , the amount gazetted by the Cabinet Secretary from time to time as the average statutory minimum monthly basic wage for the top urban centres, second tier urban centres and rural areas for the year;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Lower Earnings Limit means the amount specified for the tax year in question in regulations made under section 5(1)(a)(i) of the Social Security Contributions and Benefits Act 19929 (earnings limits and thresholds for Class 1 contributions);

Lower Earnings Limit means “The amount gazetted by the Cabinet Secretary from time to time as the average statutory monthly basic wage for the top urban centers, second tier urban centers and rural areas for the year;

Examples of Lower Earnings Limit in a sentence

OMP Occupational Maternity Pay LEL Lower Earnings Limit MATB1 form A Maternity certificate issued from your midwife or medical practitioner confirming that you are pregnant and your EWC.
If you are under 75, work or usually work in the UK, and earn over the Lower Earnings Limit (LEL)4 a year, we must by law continue to maintain your membership of a scheme that meets certain government standards and, if your membership of such a scheme ends (and it is not because of something you do or fail to do), we must by law put you into another scheme that meets government standards straightaway.
On and after 6th April 1988 that minimum amount shall not exceed the greater of 3 times the weekly rate of the Lower Earnings Limit for that Tax Year and 0.5 per cent of the Member's earnings from the Participating Employers for that Tax Year excluding any earnings on which Class I National Insurance contributions are not payable.
E-mail requests to join should be sent to ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇.▇▇ Once you have been enrolled, contribution levels will be paid as follows: Employer contributions: 1% of earnings between the Lower Earnings Limit (LEL) and the Upper Earnings Limit (UEL).
Also, if your pay falls below the Lower Earnings Limit £6,396 for 6 July 2022 to 5 April 2023), your State benefits may be affected.

More Definitions of Lower Earnings Limit

Lower Earnings Limit means the amount specified for the tax year in question in regulations made under section 5(1)(a)(i) of the 1992 Act (earnings limits and thresholds for Class 1 contributions)(8);”;

Lower Earnings Limit means the annual rate of the lower earnings limit for the purposes of National Insurance contributions from time to time;

Lower Earnings Limit means the annual amount of the lower earnings limit within the meaning of section 181 of the Pension Schemes Act 1993.

Lower Earnings Limit means, in relation to a Member or Life Assurance Member, his lower earnings limit for the purposes of the Pensions Act.

Lower Earnings Limit means, in relation to a Member, his lower earnings limit for the purposes of the Pensions Act. "Member" means (a) a person who was an Eligible Employee on 1st January 1985 and who on the previous day was a member under the Old Rules, or

Lower Earnings Limit means, for each financial year, the amount gazetted by the Cabinet Secretary responsible for matters relating to Social security as the average statutory minimum monthly basic wage for the top urban centres, second tier urban centres and rural areas for the year.

Lower Earnings Limit means the lower earnings limit for Class 1 contributions for the purposes of section 5(1) of the Social Security Contributions and Benefits Act 1992(12);”;