Welcome to the Nestlé UK Pensions website
To see content that is more relevant to you throughout the site, please choose your section or log in.
In the latest edition of Pensions News, you can read about:
- Membership and funding
- Protection for your loved ones
- DC investment update
- Trustee update
Your newsletter will be posted to you at your home address but you can find it and earlier editions of Pensions News under Member Communications
We’ve provided an update on the Fund’s 2018 DC investment performance. You can see this along with the Fund factsheets on the ‘Investment performance’ page.Pensionable earnings cap increase
The pensionable earnings cap increases each year from 1 April in line with inflation (as measured by the consumer prices index published in January) up to a maximum of 2%.
This means that from 1 April 2019, the cap has increased to £46,818.
Read more about the pensionable earnings cap.Tax allowances update
Here are your pension allowances for the 2019/20 year:
- The Lifetime Allowance has increased to £1.055m.
- The standard Annual Allowance has remained the same at £40,000 a year.
Visit the Pensions and tax page for further information about what this could mean for you and your pension savings.How the Fund is run
Visit the 'How the Fund is run' page to find out information about the Fund, including:
- Who sits on the trustee board, and how they manage the Fund
- General information, including what would happen if Nestlé decided to make changes to the Fund.
Follow this link to find out how much your DC account is worth. If you haven't already logged in, you will need to do so to view your balance.DC auto-enrolment update
The minimum DC contribution rates (as set by the government) have increased.
If you’re a member of DC Start, your contributions have gone up from 3% to 4% of your pensionable earnings from 1 April 2019. The good news is that Nestlé’s contributions have also gone up from 4% to 5%. This means that Nestlé is paying in more than the government’s minimum amount and it all goes toward your future.
Find out more about DC Start and DC Core contribution rates.