welcome to nest

16
© NEST Corporation 2013 About this deck We’ve included key information which we think is pitched at the right level for most of your workers You can make changes to some slides if you want to. The slide numbers include these first three slides. slide 9 you can change employer and worker contribution levels slide 15 you can add your staging dates and postponement dates slide 16 you can add your contact details If you make changes it’s your responsibility to make sure they’re accurate You can delete these instructional slides from the deck when you present it

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Page 1: Welcome to NEST

© NEST Corporation 2013

About this deckWe’ve included key information which we think is pitched at the right level for most of your workersYou can make changes to some slides if you want to. The slide numbers include these first three slides. – slide 9 you can change employer and worker contribution levels– slide 15 you can add your staging dates and postponement dates – slide 16 you can add your contact details

If you make changes it’s your responsibility to make sure they’re accurateYou can delete these instructional slides from the deck when you present it

Page 2: Welcome to NEST

© NEST Corporation 2013

Staying on brandWe’ve created a brand that works for our members and this deck follows our brand guidelinesPlease keep the font and font size we use in this deckPlease don’t add any images or change the images or colours we’ve used, as they belong to us We’ll update this deck as information changes so keep an eye on our website to make sure you have the latest versionIt’s your responsibility to ensure that you’re using the latest version of this deck

Page 3: Welcome to NEST

© NEST Corporation 2013

Legal information

© NEST Corporation 2013. All rights reserved. This information does not constitute financial, investment or professional advice and should not be relied upon as such. Reproduction in any form of all or any part of these slides is prohibited.

Page 4: Welcome to NEST

© NEST Corporation 2013

Welcome to NEST

Page 5: Welcome to NEST

© NEST Corporation 2013

Your new workplace pension rights

Millions of workers are getting the opportunity to save in a workplace pension schemeWe may have to automatically enrol you into a pension scheme if you’re not already in oneWe may have to put money into the scheme on your behalf if you’re eligible and you may get tax relief from the government If you don’t want to remain a member you can opt out

Page 6: Welcome to NEST

© NEST Corporation 2013© NEST Corporation 2013

Who’ll be automatically enrolled?

If you’re at least 22 but under State Pension age and earn more than £9,440 each year

you’ll be automatically enrolled

you’ll get contributions from us

you can opt out within one month of enrolment

you’ll receive a letter giving you more information

Page 7: Welcome to NEST

© NEST Corporation 2013

What if I’m not automatically enrolled?

© NEST Corporation 2013

Asking us to enrol you

You can ask to join if you’re aged over 16 and below 75

You’ll qualify for employer contributions if you earn over £5,668

Page 8: Welcome to NEST

© NEST Corporation 2013

Your new workplace pension scheme

NEST is for the millions of people who want a great value workplace pension scheme that does the hard work for them.

Easy to understandYou can look after your account onlineLow chargesManages your money carefully according to your age One retirement pot for life which you can pay into if you change jobs

Page 9: Welcome to NEST

© NEST Corporation 2013

Who pays into your retirement pot?

[£0.00]

[£0.00] [£0.00]

Page 10: Welcome to NEST

© NEST Corporation 2013

Retirement funds designed around your plans

NEST 2058 Retirement

Fund

NEST 2039Retirement

Fund

NEST 2022Retirement

Fund

Page 11: Welcome to NEST

© NEST Corporation 2013

NEST’s other fund choices

NEST offers choice for those who want itNEST Ethical FundNEST Sharia FundNEST Higher Risk FundNEST Lower Growth FundNEST Pre-retirement Fund

Page 12: Welcome to NEST

© NEST Corporation 2013

Taking your money out of NEST

You can take your money out at any time after reaching age 55You can buy a retirement income, take a cash lump sum or a combination of both If you suffer from ill-health you may be able to take your money out earlyIf you die before taking your money out you can make sure it goes to your loved ones

Page 13: Welcome to NEST

© NEST Corporation 2013

What’s going to happen?

We’ll send you a letter letting you know your optionsIf you’re automatically enrolled or opt in, NEST will send you a welcome pack with your NEST IDOnce you’ve got your NEST ID you can switch on your online account

Page 14: Welcome to NEST

© NEST Corporation 2013

What if you’re automatically enrolled and want to opt out?

You can opt out within a month once you’ve got your NEST ID:OnlineBy telephoneBy post

Page 15: Welcome to NEST

© NEST Corporation 2013

When is this happening?

The new employer duties affect different organisations at different times, depending on their size.Our staging date is [x]You’ll be enrolled on [x]

Oct 2012

Feb 2014

Apr 2014

Apr2015

Jan 2016

Aug2015

Oct 2015

April 2017

Oct 2017

Oct 2018

Employers with 250 or more

staff

Employers with 50 to 249 staff

Employers with 30-49 staff

Employers with fewer

than 30 staff

Page 16: Welcome to NEST

© NEST Corporation 2013

Want to know more?

Speak to [Employer to insert internal contact]

Visit nestpensions.org.ukEmail [email protected] NEST on 0300 020 0090