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Nest Contributions
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Tomken
Posts: 7 Forumite

My wage is £378 before stoppages. Employer paid £4.28 and I paid £5.71 to nest pension. I thought sums would be higher based upon the 3% and 5% of salary. I cannot understand the pension even reading everything on the pension site, can someone explain it in simple terms?
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Comments
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They have probably applied the lower earnings limit where no deduction is required?
https://www.thepensionsregulator.gov.uk/en/employers/new-employers/im-an-employer-who-has-to-provide-a-pension/declare-your-compliance/ongoing-duties-for-employers-/earnings-thresholds1 -
Can this be altered to % of total salary? And if so how do I go about it?0
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Tomken said:Can this be altered to % of total salary? And if so how do I go about it?
Your employer is highly unlikely to adjust their contribution level.
Alternatively, you can make contributions manually online. However, if you were considering that approach, you might be better advised to open a SIPP, and take full control over non-AE pension contributions.1 -
norsefox said:Tomken said:Can this be altered to % of total salary? And if so how do I go about it?
You can choose to pay more on top of the regular contributions you and your employer make into your pension pot.
By logging in to your account, you can:
- make a single one-off contribution
- set up regular additional contributions to be collected by Direct Debit
Tomken said:My wage is £378 before stoppages. Employer paid £4.28 and I paid £5.71 to nest pension. I thought sums would be higher based upon the 3% and 5% of salary. I cannot understand the pension even reading everything on the pension site, can someone explain it in simple terms?
https://www.nestpensions.org.uk/schemeweb/nest/employers/get-ready-for-auto-enrolment/contributions.html
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1
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