Pension Services / NEST
National Employment Savings Trust (NEST) Pension
The new National Employment Savings Trust (NEST) pension scheme is scheduled for launch in 2012. Until more details are known about the new scheme we can give you impartial advice on pension products that are available now and how these can benefit you and your employees.
Group Personal Pension (GPP) Plans
These can be an attractive option for businesses and employees. Pension providers may be able to offer better terms, such as lower fees, for a group of people than to individuals. This can help to enhance the business’s reputation as an employer and provide a direct benefit to employees. We can help you to find products and providers most appropriate to your business. Please get in touch with us to find out more.
Salary Exchange (or Salary Sacrifice)
Salary exchange can benefit employers and employees in various ways, for example:
- Employers save on national insurance contributions
- Employees save on tax and national insurance contributions
- Employees can build up bigger retirement funds
- Businesses enhance their reputation as employers
Businesses can choose what to do with their savings - for example, whether to invest them into the pension plan. Salary exchange may not be appropriate for every employee. It can also be a difficult topic to explain. We can help with all of these. We can discuss what options are available and what’s appropriate in which circumstances. And we can help you explain to employees how it works, what benefits they may be able to get and what the pitfalls are.
To find out more, please get in touch with us.
