Employer notice 2.1S An alternative standard notice for non-eligible jobholders who can opt in to NEST and workers without qualifying earnings who can ask to join NEST [Enter date] Dear [worker’s name] We’re now offering NEST as our workplace pension scheme to help you put money aside for your retirement. Workers who can ask to opt-in and get a contribution from us You can choose to opt in to NEST if you’re: not already a member of an existing qualifying workplace pension scheme aged at least 16 but under 75 earning more than £6,032 working, or if you ordinarily work, in the UK. If you become a member of NEST you can make member contributions into your retirement pot, we’ll contribute too. If you’re eligible you’ll also get extra money from the government through tax relief. NEST uses the relief at source method of claiming tax relief. This means that you make contributions from your pay after the deduction of tax if you pay tax. − If you’re eligible for tax relief, NEST will claim this for you from HMRC and add it to your pot. At the moment, basic rate tax relief is 20 per cent. So you’ll only need to pay 80p in every pound and NEST will claim another 20p from the government. If we don’t have your National Insurance number NEST won’t usually be able to claim basic rate tax relief on your behalf, so please make sure you’ve given it to us so you don’t miss out on any extra money. If you pay tax at a higher rate, you may be able to get more tax relief on your contributions. You’ll need to claim this yourself by contacting HMRC at www.hmrc.gov.uk. If you want to become a member of NEST, you’ll need to let us know by [enter the details of your own process stating that written notices need to be signed and any electronic notices need to include a statement that the worker has personally submitted it]. Contributing to your NEST retirement pot We calculate contributions based on your [qualifying earnings/base salary/total pay delete as – applicable or insert another earnings basis that you’re using]. This [means your annual earnings that fall between £6,032 and £46,350. It] includes [list the parts of pay that you’ll include when you calculate contributions for instance, salary, overtime or – allowances].
Employer notice 2.1S An alternative standard notice for non-eligible jobholders who can opt in to NEST and workers without qualifying earnings who can ask to join NEST [Enter date] Dear [worker’s name] We’re now offering NEST as our workplace pension scheme to help you put money aside for your retirement. Workers who can ask to opt-in and get a contribution from us You can choose to opt in to NEST if you’re: not already a member of an existing qualifying workplace pension scheme aged at least 16 but under 75 earning more than £6,032 working, or if you ordinarily work, in the UK. If you become a member of NEST you can make member contributions into your retirement pot, we’ll contribute too. If you’re eligible you’ll also get extra money from the government through tax relief. NEST uses the relief at source method of claiming tax relief. This means that you make contributions from your pay after the deduction of tax − if you pay tax. If you’re eligible for tax relief, NEST will claim this for you from HMRC and add it to your pot. At the moment, basic rate tax relief is 20 per cent. So you’ll only need to pay 80p in every pound and NEST will claim another 20p from the government. If we don’t have your National Insurance number NEST won’t usually be able to claim basic rate tax relief on your behalf, so please make sure you’ve given it to us so you don’t miss out on any extra money. If you pay tax at a higher rate, you may be able to get more tax relief on your contributions. You’ll need to claim this yourself by contacting HMRC at www.hmrc.gov.uk. If you want to become a member of NEST, you’ll need to let us know by [enter the details of your own process stating that written notices need to be signed and any electronic notices need to include a statement that the worker has personally submitted it]. Contributing to your NEST retirement pot We calculate contributions based on your [qualifying earnings/base salary/total pay – delete as applicable or insert another earnings basis that you’re using]. This [means your annual earnings that fall between £6,032 and £46,350. It] includes [list the parts of pay that you’ll include when you calculate contributions – for instance, salary, overtime or allowances].
Employer-notices-DOC.docx