Taking a break
You can take a break from paying contributions at any time if you want to.
You just need to log into your online account, go to 'Contributions' and then 'Contributions made by your employer'. Then click on the button 'Stop contributions'.
We’ll let your employer know that you want to stop making contributions so that they can stop taking money from your pay.
How much does NEST cost?
We take a small percentage of the money going into your pot known as a contribution charge. This amount is 1.8 per cent.
Suppose £25 is being added to your pot each month. Of this £25, we take a contribution charge of 45p.
We also take a small percentage off the value of your retirement pot over the year. This is known as an annual management charge. This amount is 0.3 per cent.
Suppose your total retirement pot is worth £5,000. This means we charge £15 over the year.
In this example, where £25 is paid every month and the total amount of money in your pot at the beginning of the year is £5,000, the total you’d pay in charges in this year would be £20.40.