Joining the Fund
Welcome to Nestlé. There are many great reasons why you might want to start saving for your future. Here are our top three:
Enough money to enjoy your retirement
We all like to think that we’ll have more freedom in retirement. It’s a chance to tick things off our bucket lists, spend more time with family and have the flexibility to make the most of our time.
But it’s worth planning ahead so that you can afford the comfortable retirement you might be aiming for. Now that we’re living longer, we have even more time to plan for. This means that many of us will need to put more aside while we work.
Your savings and the investment returns build up
The younger you are when you start saving, the longer your pension account will have to build up over time. The money in your account is invested, and if your investments perform well, the value of your ‘investment returns’ (the money that your investments make) gets added to your retirement savings account. Over time, if your investments continue to perform well, these ‘investment returns’ can build up and provide returns on top of the returns.
Nestlé adds to your pension account
Also, Nestlé rewards you for saving into a pension savings account – the more you pay in, the more Nestlé contributes - and with tax relief on your pension contributions and National Insurance savings if you pay through salary sacrifice, the cost to you is far less than the amount going into your account.
You pay £100 into your pension savings account. Plus, Nestlé pays in up to £150 on top of that
Cost to you (monthly)
Money in your pension savings account (monthly).
It actually only costs you £68 because you'll pay less National Insurance (£12) and tax (£20)
And this quickly builds up...
So saving at this rate, over a year you'll have saved £3000
But you'll only have paid £816 from your salary
Plus your money might grow from investment growth
To see more examples of how much contributions actually cost you and how much Nestlé pays, see Pensions and tax
For more reasons to join the Fund, see our New Joiner's Pack
Protection for your loved ones
It’s not just payments from Nestlé that make it worthwhile saving into the Fund. There are other benefits too. While it’s not a nice thing to think about, it’s comforting to know that if you die, your loved ones will be looked after.
To find out more, see After you die