welcome to nest
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© NEST Corporation 2013
About this deckWe’ve included key information which we think is pitched at the right level for most of your workersYou can make changes to some slides if you want to. The slide numbers include these first three slides. – slide 9 you can change employer and worker contribution levels– slide 15 you can add your staging dates and postponement dates – slide 16 you can add your contact details
If you make changes it’s your responsibility to make sure they’re accurateYou can delete these instructional slides from the deck when you present it
© NEST Corporation 2013
Staying on brandWe’ve created a brand that works for our members and this deck follows our brand guidelinesPlease keep the font and font size we use in this deckPlease don’t add any images or change the images or colours we’ve used, as they belong to us We’ll update this deck as information changes so keep an eye on our website to make sure you have the latest versionIt’s your responsibility to ensure that you’re using the latest version of this deck
© NEST Corporation 2013
Legal information
© NEST Corporation 2013. All rights reserved. This information does not constitute financial, investment or professional advice and should not be relied upon as such. Reproduction in any form of all or any part of these slides is prohibited.
© NEST Corporation 2013
Welcome to NEST
© NEST Corporation 2013
Your new workplace pension rights
Millions of workers are getting 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 £9,440 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?
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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 £5,668
© NEST Corporation 2013
Your new 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 onlineLow 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?
[£0.00]
[£0.00] [£0.00]
© NEST Corporation 2013
Retirement funds designed around your plans
NEST 2058 Retirement
Fund
NEST 2039Retirement
Fund
NEST 2022Retirement
Fund
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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?
The new employer duties affect different organisations at different times, depending on their size.Our staging date is [x]You’ll be enrolled on [x]
Oct 2012
Feb 2014
Apr 2014
Apr2015
Jan 2016
Aug2015
Oct 2015
April 2017
Oct 2017
Oct 2018
Employers with 250 or more
staff
Employers with 50 to 249 staff
Employers with 30-49 staff
Employers with fewer
than 30 staff
© NEST Corporation 2013
Want to know more?
Speak to [Employer to insert internal contact]
Visit nestpensions.org.ukEmail [email protected] NEST on 0300 020 0090