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How you can use NEST

How much do you need to contribute?

As an employer you need to make a minimum contribution for the workers you enrol in NEST or another qualifying pension scheme. Find out how much

NEST fits with the needs of your organisation

NEST is flexible enough to be the only pension scheme you offer your workers or work alongside other schemes you may already use.

You can also use NEST for your whole organisation or for a certain type of worker.

You can use NEST:

  • as a sole scheme for all the workers in an organisation, if for example, there is no current pension provision in place
  • for a particular group of workers alongside an existing scheme already in place for a different category of workers
  • as an entry level scheme where there is an existing scheme that has a waiting period
  • as a base scheme to ensure compliance with the new employer duties, using another scheme to pay in additional contributions

Using NEST now

We're opening NEST ahead of the new duties to give a small number of employers a chance to get up and running early.

If you choose NEST early, you will benefit from additional support from our team. This could be to explain how to use NEST or give you help with signing up, enrolling staff and starting to contribute.

If you choose NEST now, NEST will discuss your actual requirements with you. You can email us here to find out more or call one of our team on 0300 303 1949.

Do employers have to choose NEST to meet their employer duties?
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No. Employers can choose NEST or any other pension scheme that meets certain legal standards.

Is NEST suitable for larger employers?
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Yes. NEST is flexible and can provide an easy to use scheme for all employers of any size or sector.

Employer duties

The Pensions Act 2008 establishes new duties for UK employers that start to be introduced from 2012. These duties require employers to provide some or all of their workers with access to a workplace pension scheme that meets certain legal requirements. Employers will have to automatically enrol certain workers into a qualifying pension scheme and pay contributions on their behalf.

The duties will start to be introduced from 2012 and will apply to the largest employers first. Medium and smaller employers will be affected later.

Qualifying pension scheme

A workplace pension scheme that meets certain minimum standards.