low earnings threshold

low earnings threshold
low earnings threshold (LET)
England, Scotland, Wales
Set each year by the government, a threshold used in calculating an individual's entitlement to state second pension (S2P) accruals. The LET is the top of the initial 40% accrual band for S2P and the starting point for the second 10% accrual band. Individuals who receive earnings of more than the lower earnings limit (LEL) but less than the LET are deemed to earn the level of the LET. For 2009/10, the LET is set at £13,900.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • low — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ all time, new, record ▪ The pound has hit a new low against the dollar. VERB + LOW ▪ fall to, hit …   Collocations dictionary

  • European decency threshold — The Social Charter initially defined what many UK campaigning groups termed the Council of Europe decency threshold in the 1960s as 68% of average earnings within a national economy. The definition was modified to that of 60% of net earnings (as… …   Wikipedia

  • Poverty threshold — For the term as defined in the United States, see Poverty thresholds (United States). Percentage of population living on less than $1.25 per day. UN estimates 2000 2007. The poverty threshold, or poverty line, is the minimum level of income… …   Wikipedia

  • State Second Pension — On 6 April 2002, the Labour Government introduced the State Second Pension, or S2P to provide a more generous pension provision for UK workers. The main aim of this change was to enhance existing Additional Pension (or AP ) benefits for low and… …   Wikipedia

  • List of Statutory Instruments of the United Kingdom, 2007 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2007. NOTOC 1 100* Cider and Perry and Wine and Made wine (Amendment) Regulations 2007 S.I. 2007/4 * Customs and Excise (Personal Reliefs for Special Visitors)… …   Wikipedia

  • let — vb let, let·ting vt 1: to offer or grant for rent, lease, or hire: lease may not be alienated, let, or encumbered corporeal things may be let out 2: to assign esp. after bids were att …   Law dictionary

  • List of Statutory Rules of Northern Ireland, 2003 — This is an incomplete list of Statutory Rules of Northern Ireland in 2003.1 100* Income Related Benefits and Jobseeker s Allowance (Working Tax Credit and Child Tax Credit Amendment) Regulations (Northern Ireland) 2003 S.R. 2003 No. 1 * Plastic… …   Wikipedia

  • List of Statutory Instruments of the United Kingdom, 2006 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2006. NOTOC 1 100* Public Contracts Regulations 2006 S.I. 2006/5 * Utilities Contracts Regulations 2006 S.I. 2006/6 * M6 Motorway (Junction 36, Town Head Bridge Parapet… …   Wikipedia

  • List of Statutory Instruments of the United Kingdom, 2008 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2008. NOTOC 1 100* Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) Order 2008 S.I. 2008/3 * Information as to Provision of Education… …   Wikipedia

  • List of Statutory Rules of Northern Ireland, 2005 — This is an incomplete list of Statutory Rules of Northern Ireland in 2005.1 100* Road Vehicles Lighting (Amendment) Regulations (Northern Ireland) 2005 S.R. 2005 No. 1 * Employer s Liability (Compulsory Insurance) (Amendment) Regulations… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”