© NEST Corporation 2013 Information for Thorpe Molloy Temporary Workers.
-
Upload
kamron-cockett -
Category
Documents
-
view
218 -
download
1
Transcript of © NEST Corporation 2013 Information for Thorpe Molloy Temporary Workers.
© NEST Corporation 2013
Information for Thorpe Molloy Temporary Workers
© NEST Corporation 2013
Your workplace pension rights
Millions of workers have recently been given the opportunity to save in a workplace pension schemeWe may have to automatically enrol you into a pension scheme if you’re not already in oneWe may have to put money into the scheme on your behalf if you’re eligible and you may get tax relief from the government If you don’t want to remain a member you can opt out
© NEST Corporation 2013© NEST Corporation 2013
Who’ll be automatically enrolled?
If you’re at least 22 but under State Pension age and earn more than £10,000 each year
you’ll be automatically enrolled
you’ll get contributions from us
you can opt out within one month of enrolment
you’ll receive a letter giving you more information
© NEST Corporation 2013
What if I’m not automatically enrolled?
© NEST Corporation 2013
Asking us to enrol you
You can ask to join if you’re aged over 16 and below 75
You’ll qualify for employer contributions if you earn over £5,772
© NEST Corporation 2013
Your workplace pension scheme
NEST is for the millions of people who want a great value workplace pension scheme that does the hard work for them.
Easy to understandYou can look after your account onlineUK Call Centres for assistanceLow chargesManages your money carefully according to your age One retirement pot for life which you can pay into if you change jobs
© NEST Corporation 2013
Who pays into your retirement pot?
£0.20
£0.80 £1.00
© NEST Corporation 2013
Retirement funds designed around your plans
NEST 2058 Retirement
Fund
NEST 2039Retirement
Fund
NEST 2022Retirement
Fund
© NEST Corporation 2013
NEST’s other fund choices
NEST offers choice for those who want itNEST Ethical FundNEST Sharia FundNEST Higher Risk FundNEST Lower Growth FundNEST Pre-retirement Fund
© NEST Corporation 2013
Taking your money out of NEST
You can take your money out at any time after reaching age 55You can buy a retirement income, take a cash lump sum or a combination of both If you suffer from ill-health you may be able to take your money out earlyIf you die before taking your money out you can make sure it goes to your loved ones
© NEST Corporation 2013
What’s going to happen?
We’ll send you a letter letting you know your optionsIf you’re automatically enrolled or opt in, NEST will send you a welcome pack with your NEST IDOnce you’ve got your NEST ID you can switch on your online account
© NEST Corporation 2013
What if you’re automatically enrolled and want to opt out?
You can opt out within a month once you’ve got your NEST ID:OnlineBy telephoneBy post
© NEST Corporation 2013
When is this happening?
You’ll be assessed for auto-enrolment after 12 weeks of employment.
© NEST Corporation 2013
Want to know more?
Speak to your Consultant or Payroll Contact
Visit nestpensions.org.ukEmail [email protected] NEST on 0300 020 0090