Welcome to our workplace pension scheme



For joinersContract insert\Disclaimer at .uk/schemeweb/nest/employers/managing-scheme/communication/engaging-employees.html applies to this template. About this contentYou can use this content to let your employee know that you’ve chosen Nest as your pension provider. Simply copy it into your staff handbook or use it as an insert for your employee joining pack. We’ve included key information on joining Nest and pension contributions. It’s worth noting that this content is aimed at jobholders. Jobholders are employees entitled to be automatically enrolled in a pension scheme.You’ll need to fill in the text highlighted in grey. You can adapt the content if necessary, but you’ll need to be responsible for making sure it stays accurate.We’ll update this content if information changes, so keep an eye on our website to make sure you have the latest version.Welcome to our workplace pension schemeWe use Nest as our workplace pension scheme. If you’re eligible, we’ll enrol you or you can opt into the scheme to start putting money aside for your future. The UK’s largest workplace pension schemeWe chose Nest because we believe they’ll protect and grow your money, helping you save for a better retirement. You’ll benefit from:their straightforward, award-winning pension schemean easy-to-manage online account extra money from us and the government through tax relief, if you’re eligible an investment approach that respects people and the planet we live on.You can find out everything you need to know about having a Nest pension at .uk What goes into my pot?Paying into your workplace pension is a particularly effective way of saving for your future. As long as you’re contributing, you’ll get:any contributions that you make, usually 4% of your salaryregular contributions from FORMTEXT <insert organisation name>, usually 3% of your salaryan extra 20% of your contributions through tax relief, if you're eligible. If you're a higher rate taxpayer, you can claim even more tax relief by submitting an HMRC self-assessment. [Optional content if you offer higher rates, otherwise please delete this section]Here at FORMTEXT <insert organisation name> we’ve chosen to pay more than the minimum to help you build up your pot. You’ll get more details separately by FORMTEXT <delete as appropriate – post email>. [end of optional content][Optional content if you offer multiple rates, otherwise please delete this section]Here at FORMTEXT <insert organisation name> we’ve chosen to pay more than the minimum to help you build up your savings. And if you choose to increase your contributions, we’ll match that increase by paying up to FORMTEXT ##% of your pay into your pot.If you contributeWe’ll contribute FORMTEXT ##% FORMTEXT ##% FORMTEXT ##% FORMTEXT ##%[end of optional content]What if I don’t want to save into a pension?If you were automatically enrolled or opted in and have the right to opt out, you have up to 30 days after your enrolment date to opt out and get a refund of anything you’ve contributed. The quickest way you can do this is by logging into your online Nest account once you've received your joining pack. We hope you’ll give pension saving a try though. If it’s definitely not for you and you’re out of your opt-out period, you can also choose to pause your contributions – although that means we’ll have to pause making contributions to your pot as well. What happens next?If you’re eligible for auto enrolment, we’ll send you a letter by email or post with all the details, including the date that we’ll put you into our pension scheme. That means you’ll automatically get a Nest account. You’ll get a joining pack from Nest through the post with details of how to log in and manage your account. What if I’m not eligible?If you don’t fall into the eligibility requirements for auto enrolment, you can still join the Nest pension scheme depending on how old you are and how much you earn. You just need to let FORMTEXT <insert contact/department> know.Getting your pension on trackRetirement probably feels a long way off when you’re just starting a new job, but it’s worth thinking about how much you need to save for the lifestyle you want after you stop working, and then calculating how much you need to put away each month to achieve that. You’d be surprised to see how a little extra today could make a big difference tomorrow. Get on track by searching for ‘pension calculator’ at HYPERLINK "" .ukKeep your pension safeScams are on the rise, accounting for over a third of all crime committed in the UK. Fraudsters are developing increasingly sophisticated ways to trick people out of their pension savings, including through email phishing scams. See the simple steps you can take to help protect your pot by searching for ‘online security’ at .uk p192751 189050 3/2023 ................
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