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What is NEST?

You may have heard about NEST, the National Employment Savings Trust.

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NEST is a pension scheme that you can use to meet your employer duties and it's primarily aimed at low to medium earners and small employers that donít have access to a company pension scheme.

It's designed to be a simple, low cost option and there are certain restrictions that apply.

  • There is currently a general ban on transfers in or out.
  • There is currently an upper contribution limit.
  • There are limited investment options. Workers will be automatically invested in a default fund based on time to retirement. This will not take into account an individual's attitude to risk.

Published April 2014

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