Article
3 min read
Author
Deel Team
Published
November 03, 2021
Last Update
July 03, 2024
Table of Contents
Enrollment
How to get started for employees
Some things to know
We wanted to remind you that we partnered with Nest Pensions to help you offer the best pension plan for your UK based employees. It’s a legal requirement in the UK to offer a pension plan to employees. With Nest, employees can contribute their pre-tax earnings into a tax-sheltered retirement account, where they’ll be able to select their portfolio and contributions.
Offer a compelling tax advantaged pension solution to attract, and retain the top talent on the UK job market.
Employees can contribute up to £40,000 per year from their salary tax free. Employer contributions are fixed at 3% of employee salary to comply with local regulations.
All UK employees are already enrolled in Nest, for employees that have an existing pension plan, any existing funds can be transferred into their Nest account.
Employees are automatically enrolled in Nest Pensions when added to payroll. Within 10 working days of their first pay cycle, employees will receive an email with their log-in details. If they wish to opt-out, they can do so through the Nest online portal.
Head to Nest’s online portal here, and use the credentials sent to you from Nest via email in order to log-in. From there, you’ll be able to manage your monthly contributions, select your portfolio, and adust any of your account settings. If you haven’t received your email, you can contact the Nest team directly from their help centre.
Solutions
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