To check which pension scheme you are in (if eligible), please refer to your payslip which can be found under employee self service on iChoose.
Stonegate will automatically enrol employees into Nest if they meet the below criteria.
- aged from 22 up to state pension age
- earnings before tax are at least £10,000 per year (or £833 per month, or £192 per week)
If staff do not meet the eligibility criteria, they will not be automatically enrolled into a pension however may request to be enrolled.
Important things to remember...
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- Please ensure you have checked with your pension provider that you have completed an up to date nomination or expression of wish form. This is a statement that tells the pension provider who you would chose to receive your pension savings should you die before you retire.
- How much do you need in retirement and how much are you going to have? - Your pension provider will have a pension retirement calculator that you can use or alternatively click here.
- Re enrolment happens every 3 years, and therefore if you have chosen to opt out of the Nest pension scheme, you will be enrolled back in at Re enrolment. Stonegate are legally required to do this therefore if you wish to opt out again, you can do this once you receive your welcome letter from Nest which will explain how you do this.
Related Topics Nest / Aviva / Peoples pension / Royal London / Benefit / Reward