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A Guide to the

NationalEmployment

Savings TrustHelping an estimated seven million employees who are not puttingmoney aside for their retirement to start saving for tomorrow, today

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Emloes can stat sin NEST om

2011 i the ant to. Hoee, the

ont be eie b la to enol

okes into a aliin ension

scheme ntil 2012 at the ealiest.NEST is bein intoce b the

oenment to hel eole sae moe

o thei etiement. Emloees ill

hae one NEST etiement n o

lie, hethe the chane jobs, ok

o moe than one emloe at the

same time, o leae emloment.

Lae emloes ill hae to

coml ith the ne oklace

ension ties ist, ith meim an

smalle emloes hain to coml

oe the olloin e eas.

OptiOn tO Opt Out

NEST ill inole emloees ho ae

not alea a membe o a econise

oklace ension scheme.

Emloees ill be ato-enolle

b thei emloes bt the ill be

ien the otion to ot ot. Hoee,

emloees shol think e caellbeoe the o.

The emloees mone as ell as

contibtions om thei emloe an

an tax elie om the oenment

can be ineste in ieent tes

o inancial octs sch as

coman shaes, oet o loans to

oenments that a inteest.

MiniMuM nESt cOntributiOnS

Initiall the minimm NEST

contibtion ill be 2 e cent o anemloees aliin eanins. O

this, the emloe ill nee to a at

least 1 e cent, thoh the can a

moe i the ant to.

The oeall minimm contibtion

ill ise aall to 8 e cent b

2017, o hich the emloe ill nee

to a 3 e cent. The emloee ill

hae to a 5 e cent (ith 1 e

cent o this comin om tax elie).

nEw autO-EnrOlMEnt

The ne ato-enolment obliations

ill aect emloes o all sizes

an ill be hase in beteen

2012 an 2016. Emloes ill hae

esonsibilit o ain contibtionsinto a ension both om them

an the emloees as ell as

commnicatin ith sta an ensin

the ension scheme is comliant.

An emloees atne o othe thi

at can also a contibtions into

NEST on thei behal. These aments

ill cont toas the emloees

annal contibtion limit. The annal

contibtion limit is the maximm

that can be ae to the emloees

etiement n in one ea. Thisincles contibtions om them an

thei emloe as ell as tax elie

om the oenment. The amont is

centl 4,200 o the 2011/12 tax

A Guide to the NAtioNAl employmeNt SAviNGS truSt

A Guide to the NAtioNAl employmeNt SAviNGS truSt

Moe than hal o emloees ae not aae that the col be

atomaticall enolle into a ne national ension scheme

calle the National Emloment Sains Tst (NEST), ith

man likel to be sise hen emloes stat takin

ections om thei a, eseach om HSBC has on.

National

EmploymentSavings TrustHelping an estimated seven million employees who are not puttingmoney aside for their retirement to start saving for tomorrow, today

7/30/2019 A_guide_to_NEST

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ea. This ie is ajste annall in

line ith aeae eanins.

taking MOnEy Out

Tanses in an ot o NEST ae not

alloe (excet in seciic limite

cicmstances); hoee this ill be

eiee in 2017.

Emloees ma be able to take

thei mone ot o NEST beoe the

ae ae 55 i the become ill an

i the ae seiosl ill, the ma be

able to take thei entie n astax-ee cash.

I the emloee ies ematel

io to etiement thei etiement

n ill nomall be ien to the

eson o nmbe o eole the

ant to eceie it. The beneicias

etails ae oie on joinin NEST.

nESt chargES

Emloees ill a a small

ecentae chae o each ne

contibtion that oes into thei

etiement n.

n This contibtion chae is

set at 1.8 e cent, so om a

contibtion o 100, 98.20 oes

into the emloees n.

n Thee is also an annal

manaement chae (AMC) o

0.3 e cent o the total neach ea. n

A Guide to the NAtioNAl employmeNt SAviNGS truSt

A Guide to the NAtioNAl employmeNt SAviNGS truSt

THE AIM IS fOr THE NEwAuTO-ENrOLMENT OBLIgATIONSIS TO HELp AN ESTIMATEd SEvENMILLION EMpLOyEES wHO ArENOT puTTINg MONEy ASIdE fOrTHEIr rETIrEMENT TO STArTSAvINg fOr TOMOrrOw, TOdAy.fOr INfOrMATION ABOuT NEST,pLEASE CONTACT uS TO dISCuSSyOur rEquIrEMENTS.

Emloes canstat sin NEST

om 2011 i the ant to.Hoee, the ont beeie b la to enolokes into a aliinension scheme ntil2012 at the ealiest.

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Published by Gn ma l, Prudence Place, Luton, Bedfordshire, LU2 9PE

Articles are copyright protected by Goldmine Media Limited 2011. Unauthorised duplication or distribution is strictly forbidden.

National Emloment Sains Tst is elate b the pensions relato. Content eate is o o eneal

inomation an se onl an is not intene to aess o aticla eiements. It shol not be elie

on in its entiet an shall not be eeme to be, o constitte, aice. Althoh eneaos hae been mae

to oie accate an timel inomation, thee can be no aantee that sch inomation is accate as o

the ate it is eceie o that it ill contine to be accate in the te. No iniial o coman shol acton sch inomation ithot eceiin aoiate oessional aice ate a thooh examination o thei

aticla sitation. we cannot accet esonsibilit o an loss as a eslt o acts o omissions taken in esect

o an aticles. The ension an tax les ae sbject to chane b the oenment. Theshols, ecentae ates

an tax leislation ma chane in sbseent finance Acts. The ale o n nits can o on as ell as an

inestment oth is not aantee.