The Shocking Truth About NEST Pension!

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NEST Pension is the UK's largest workplace pension scheme by member numbers, but is it providing a good deal? This video explores everything you need to know about NEST.

WHAT IS NEST PENSION?

NEST Pension is the National Employer Savings Trust. It is a workplace pension scheme available for free to employers to meet their auto enrolment pension obligations.

IS NEST PENSION GOOD?

Like with anything in life there are pros and cons, but NEST Pension is designed to be a low cost retirement savings plan.

Not everyone is aware that there is a 1.8% charge on every contribution made into NEST though. This is there to repay the government loan used to originally set the scheme up.

OTHER INFORMATION ABOUT NEST PENSION

NEST is a master trust arrangement that operates on the relief at source basis. The difference between net pay arrangment and relief at source is explained in the video.

There are six investment funds to choose between in NEST and the performance of these funds since launch is reviewed in the video.

Many people ask should I stay in NEST Pension or should I transfer from NEST pension? The information provided considers the main advantages and disadvantages.


⏰ TIMESTAMPS ⏰
0:00 Start
1:07 What Is NEST Pension?
1:44 NEST Costs & Charges
2:38 The Structure Of NEST - How Is Tax Relief Claimed
4:20 Auto-enrolment Qualification Rules
4:43 How Have NEST Funds Performed?
7:21 What Are The NEST Retirement Income Options?
8:39 Is The NEST Website Good?


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