National Employement Savings Trusts (Nests)

The Government is implementing a compulsory pension scheme from 2012.

From 2017 employers will need to contribute at least 3% of earnings.  Employees will contribute 4% and HM Revenue & Customs 1% as tax relief.

Compliance will be regulated by the Pensions Regulator.

More details of the NESTS will be posted soon.