Pension Plan
Hourly Paid – We’ve chosen NEST as our workplace pension scheme to meet our employer duties under government legislation and help you put money aside for your retirement After 3 months service with us you may be automatically enrolled into NEST (National Employment Savings Trust). We’ll automatically enrol you if you are:
- aged at least 22 but under State Pension Age
- earning more than £10,000 per year
- not already a member of a qualifying workplace pension scheme we provide
Colleagues have to contribute a minimum of 5%. The employer’s contribution is 3%.
Salaried Colleagues – We’ve chosen AEGON as our workplace pension scheme to meet our employer duties for salaried colleague and help you put money aside for your retirement. After 3 months service colleagues are automatically enrolled into the AEGON qualifying scheme if they are:
- aged at least 22 but under State Pension Age
- earning more that £10,000 per annum
- not already a member of a qualifying workplace pension scheme we provide
Colleagues have to contribute a minimum of 5% of salary. The Company contribution is 3%. Colleague contribution can be higher – capped at a maximum of £40,000 per tax year.