Crossword Genius

Unpaid, Piers regularly gets to all-time low (5)

Ross

I believe the answer is:

nadir

'to all-time low' is the definition.
(I've seen this before)

'unpaid piers regularly' is the wordplay.
'regularly' means one should take alternating letters (regularly take one letter, leave next etc.).
'unpaid'+'piers'='unpaidpiers'
The alternate letters of 'unpaidpiers' are 'NADIR'.

'gets' is the link.

(Other definitions for nadir that I've seen before include "deep despair" , "Low spot" , "Lower one cannot get!" , "Point of greatest despair" , "extremely low position" .)

I've seen this clue in The Independent.
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