If you’re new to Nestlé and don't join the Fund during your first 90 days of employment, we’ll automatically enrol you into DC Start on your 91st day at Nestlé under the terms of your contract of employment.
Here is a reminder of the amount that you and Nestlé pay in.
If you join the Fund during your first 90 days, you will also be ‘contractually enrolled' into the Fund. It's called this as it's one of the conditions of your contract when you join Nestlé.
Re-enrolment after opting out
If you joined or were enrolled into the Fund previously and chose to opt out, you may be enrolled into the Fund again in the future. This depends on your circumstances.
Under UK law, employers must re-enrol employees who have opted out of pension saving every three years. In some cases, it could be sooner than three years. For example, if you are close to the automatic enrolment criteria set out by the Government (almost 22 or earning close to £10,000), then we'll monitor your circumstances every month. If you meet the criteria for automatic enrolment in the future, we have to enrol you into the Fund by law. If this happens, we’ll write to you with all the information you need, including the date you’ll be enrolled.
Never been a member
Under UK law, employers must re-enrol employees who have opted out of pension saving every three years. In some cases, it could be sooner than three years. For example, if you are close to the automatic enrolment criteria set out by the Government (almost 22 or earning close to £10,000), then we'll monitor your circumstances every month. If you meet the criteria for automatic enrolment in the future, we have to enrol you into the Fund by law. If this happens, we’ll write to you with all the information you need, including the date you’ll be enrolled.
In all cases, if you’re enrolled into the Fund, you can opt out if you decide that you don’t want to save for your retirement.
Will I be re-enrolled?
If you aren’t a member of the Fund and meet the following criteria when we next have to assess you for automatic enrolment, you’ll be automatically enrolled into DC Start. Both you and Nestlé will contribute to DC Start on your behalf every month.
- You work or usually work in the UK
- You are between age 22 and state pension age and earning more than £10,000 a year (£833 a month)