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Anyone using Nest pension scheme?


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We did wages yesterday, so used the contribution checker to work out the % of contribution that the employee needs to make and that we need to make. We then went to our PAYE account and put this amount into the pension contribution box. Was that right? I also have a member of staff who doesn't earn enough but wants to opt in but we do not need to make contributions for them so do they just contribute 1%? My book keeper and I are so confused.

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I have had some very helpful advice from a couple of forum members as i was getting really confused with it all conflicting information about declarations of compliance and when to enrol people, but now all set up it seems simple enough and made our first payment this week :-) we do use Devon PSLA for our payroll, so I only needed to take the qualifying earnings (486 i think) from gross pay and put that figure in the box, and then schedule the payment, it's showing as leaving our account ....I don't think I have to do anything else :-/

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I use Nest and it is confusing at first.Depends on how you set it up. I have used qualifying earnings as the criteria for taking pension out. Basically on a weekly wage you take £112 off the gross pay and then put that figure in the box on the calculator on nest and it gives you the figures......please ask and I will try and help.. not an expert by any account

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We have a company that does our payroll, but I om the named contact.

We firstly had to choose our provider. Nest seemed the most appropriate for us. We then had to sign up with them. We then received information to give to all staff. We were given a staging date, which you could delay if you needed to.

We are fortunate in that we employ a company for payroll and are charged a nominal monthly fee to oversee the pension payments for us. Only two staff were eligible and no other staff have opted in, so it's quite simple for us at the moment.

You also receive mail alerts from Nest to keep up to date with everything.

Which bit are you muddled with.

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We pay monthly so do we need to deduct the lower level of qualifying earnings which is £486 from the wages then work out the contributions on the remainder? So on months when we have had a half term, they may not even earn enough to pay a pension contribution is this correct?

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Crossed over zigzag, I hadn't thought about that, I'm pretty sure ours has been worked out on 38 wks + hol pay split into 12 monthly payments but don't have anyone who would earn enough on weekly basis but not when spread across the year to know for sure.

Edited by Mouseketeer
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So one staff member earnt £434 this month because we had a week off for half term, this staff member is in the opt in and we make contributions tier. The other worker earnt £358 and is in the not enough earnings bracket but has chosen to opt in but we do not make contributions tier. We worked these tiers out on their yearly earnings. But neither of them actually met the lower earnings threshold this month so what happens?

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I've enrolled the preschool in NEST, and it does all seem dreadfully confusing. None of our staff qualify, thankfully, and nobody wanted to opt in. We still had to register though, which I did and got the jetted to say I had, but nothing at all since then. I've not entered any staff onto the system, as I didn't think I should if nobody qualified. If that's wrong, can someone please let me know! It's ridiculous, I feel, that we've been put in this situation, when we aren't trained or really told properly what to do. Our accountant basically told me to get on with it, that it was my duty to do it. He gave me a list of approved schemes and I chose the NEST one as it was free. When I told him that I'd registered with them he said 'Oh that's a shame, there are better ones'. Sigh, helpful much?

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Cait I feel your pain. I have opted out and my deputy has opted in, another staff member who does not qualify has also opted in, but we do not make contributions for her and that was where I was struggling. I have been on live chat and got that sorted now. Feel like I am in a better place with it now! Thank you to everyone for your advice and help.

Anyone remember the good old days when we did this job because we loved working with the children?

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  • 1 month later...

I use Nest and it is confusing at first.Depends on how you set it up. I have used qualifying earnings as the criteria for taking pension out. Basically on a weekly wage you take £112 off the gross pay and then put that figure in the box on the calculator on nest and it gives you the figures......please ask and I will try and help.. not an expert by any account

Sorry to bring this up again, but can you tell me how to change the % contributions staff want to pay in on the nest site, I spent about an hour last month on their 'chat' service so called changing it all but have gone into the payment schedule for this month and everyone has gone back to 1% employee contributions or do you think it might be because it's a new tax year? Also are you deducting different amounts from from gross pay depending on whether auto enrolled or opt in, I thought it was £486 (monthly - now £490) and it was for first 2 months but now I see from April payslips the auto-enrolled have had the £833 deducted from gross pa. I have emailed payroll but thought I'd ask here as more likely to get an answer I understand. Thanks for any help :-)

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