NEST

The National Employment Savings Trust (NEST) is a workplace pension scheme which has been set up by the Government to offer pensions through auto-enrolment. If you work as a payroll consultant or are employed by the company on an hourly paid contract or as a casual worker, you have the chance to save for your retirement using this scheme.

The company must enrol you into this scheme if you fit the auto-enrolment requirements below:

  • Are not already in an Atkins or F+G scheme;
  • Earn over £10,000 a year i.e. £833.33 a month (in 2016/17);
  • Are aged 22 or over;
  • Are under state pension age; and
  • Work, or usually work in the UK.

You contribute 3% of your basic pay (increasing to 5% from April 2019) and the company will contribute 2% (increasing to 3% from April 2019), helping you to save more. You can top-up your account by paying additional contributions but you will need to arrange this through NEST.

You can choose to opt-out of the scheme by contacting NEST; but if you do decide to opt out, the company will re-enrol you after three years. You can re-enrol yourself at any time.

For more information contact the NEST team on:

www.nestpensions.org.uk

Members
300-020-0090
Email support

Non-Members
300-303-1949
Email employer enquiries

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