Working out a member's pension

Jason is 35. He's been saving £40 a month in NEST for a few years.

Jason logs into his NEST online account and looks at NEST's Pension Calculator. He sees that his retirement pot could be worth about £55,800 on his 67th birthday if he continues to contribute £40 to his NEST pot until retirement.

Looking at this, Jason wonders if he should be saving more. He wants to know what the effect of paying in an extra £30 a month would be.

Taking into account his existing employer contribution and tax relief, the Pension Calculator shows that if he gets the same rate of return on his NEST investments then Jason's retirement pot could be worth over £77,800 on his 67th birthday.

Having looked into his options, Jason decides that saving more would be a good idea. He can easily change the amount of his monthly contribution by logging into his NEST account. If his circumstances change and he wants to change his contributions back to the previous amount, or increase them further, then that’s just as easy.

This is a fictional case study based on research into our target market.

Case Study One: How NEST makes saving easy