Skip to Main Content

We use cookies to improve your online experience. By continuing to browse this website you're agreeing to our cookie policy. Find out more about cookies and how we use them.

Print page

Who funds NEST?

How is NEST funded?

NEST collects an annual management charge (AMC) from its members.

This is set at 0.3 per cent of a member's total fund each year. For example, on a total fund of £10,000 an AMC of 0.3 per cent would be £30.

Members will also pay a charge of 1.8 per cent on new contributions they make. We anticipate removing this charge once the costs of setting up the scheme are met.

Find out more about NEST’s charges (PDF, 1.3MB)

Government loan

NEST has agreed a loan with the Department for Work and Pensions, which will pay for the scheme to be set up. The loan will also help to pay for running the scheme in earlier years, while the membership is still growing.