NEST pension number

WSforever · 22 April 2018 at 10:30PM

I need some advice.
I have a company pension but I’m changing jobs and moving to a new employer.
My new employer is asking me to confirm my NEST pension account number, but I don’t think I have one. (They seem shocked by this).
Should I have one? Have I accidentally opted out of something i should have had all along?

Any advice greatly appreciated.

Brynsam · 22 April 2018 at 11:02PM

If you've never been a member of NEST you won't have a number. If you aren't sure, go the NEST website: https://www.nestpensions.org.uk/schemeweb/nest/members/your-account.html

and try logging in with your National Insurance number. You'll quickly find out if you have a NEST account.

No reason you should have one, unless a previous employer used them - and no big deal for your employer to enrol you into NEST if you don't have an account already.

Paul_Herring · 22 April 2018 at 11:11PM

They seem shocked by this.

They must think NEST is the only pension company around. They aren't.

WSforever · 23 April 2018 at 10:47PM

OK so NEST isn’t the state pension?
It’s just a government created version of a company pension then?

dawyldthing · 23 April 2018 at 10:56PM

No the national insurance contributions gets you the state pension. Nest is a government enrolling scheme I think. I've been in it nearly 5 years and don't have a lot in it and the prediction is it won't even pay the council tax bill. Contributions gone up now and again next April too

dawyldthing · 23 April 2018 at 10:59PM

https://www.gov.uk/workplace-pensions/what-you-your-employer-and-the-government-pay

xylophone · 23 April 2018 at 11:15PM

OK so NEST isn!!!8217;t the state pension?
It!!!8217;s just a government created version of a company pension then?

The NEST scheme is not the state pension.

https://www.yourpension.gov.uk/

NEST is one of many workplace pension schemes.

https://www.moneyadviceservice.org.uk/en/articles/multi-employer-pension-schemes

Your current employer may not use NEST.

What details do you have of your current scheme and what kind of pension is it?

AnotherJoe · 23 April 2018 at 11:19PM

dawyldthing wrote: »

No the national insurance contributions gets you the state pension. Nest is a government enrolling scheme I think. I've been in it nearly 5 years and don't have a lot in it and the prediction is it won't even pay the council tax bill. Contributions gone up now and again next April too

That's not the fault of the Nest scheme, it's the fault of you spending money on Safaris instead of a pension

WSforever · 24 April 2018 at 7:56AM

xylophone wrote: »

The NEST scheme is not the state pension.

https://www.yourpension.gov.uk/

NEST is one of many workplace pension schemes.

https://www.moneyadviceservice.org.uk/en/articles/multi-employer-pension-schemes

Your current employer may not use NEST.

What details do you have of your current scheme and what kind of pension is it?

My current employer scheme is a defined contribution scheme run by Aviva.

Paul_Herring · 24 April 2018 at 9:18AM

WSforever wrote: »

OK so NEST isn!!!8217;t the state pension?

No, it's a company that can hold your personal pension contributions.

It!!!8217;s just a government created version of a company pension then?

Err - sorta, but not quite. https://www.nestpensions.org.uk/schemeweb/nest/nestcorporation.html

As a non-departmental public body NEST Corporation is accountable to Parliament through the Department for Work and Pensions but is generally independent of government in its day-to-day decisions.

xylophone · 24 April 2018 at 10:36AM

My current employer scheme is a defined contribution scheme run by Aviva.

You can check on whether you can leave the pension with Aviva after you change jobs.

It is possible to transfer pensions into the Nest Scheme.

NEST pension number

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