Tax relief on Nest pension

garyb67

Can anyone help and confirm that tax relief on a nest pension is 20% and paid into the pension fund by Hmrc and is not taken from your wages and paid into the fund (low wage earner that does not earn enough to pay tax) Thanks  

L9XSS

Yes that’s how mine works with my employer who utilises NEST. You should be able to access Nest online and see your contributions plus your employers and HMRC contributions 

Albermarle

Actually they should be adding 25%, not 20%.

penners324

How is it set up? A question for your company payroll department.

If salary sacrifice then it's gross, if relief at source then it's taxed and 25% added to it by HMRC

xylophone

https://www.nestpensions.org.uk/schemeweb/nest/about-pensions/tax-relief-benefits.html

Above indicates relief at source.

Even an employee who does not earn enough to pay tax will receive tax relief under this arrangement.

https://www.litrg.org.uk/tax-guides/tax-basics/do-i-have-join-pension-scheme/do-you-know-how-tax-relief-your-pension