Used in calculating an individual's entitlement to state second pension (S2P) accruals, the low earnings threshold (LET) was set annually by the government prior to the introduction of the new state pension on 6 April 2016. The LET was the top of the initial flat-rate accrual band for S2P and the starting point for the second 10% accrual band. Individuals who received earnings of more than the lower earnings limit but less than the LET were deemed to earn the level of the LET. For 2015/16, the LET was set at £15,300.