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NEST Pension

Maximum contributions

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is there a restriction on the maximum % of salary that can be contributed to NEST by either the employee or the employer?

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By Matrix
12th Jun 2019 16:24

I don’t see that the restriction would be any different to the annual allowance for any pension scheme. Why anyone would want to put £40k in a scheme such as Nest is a different matter.

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By kestrepo
13th Jun 2019 15:50

There is a higher limit of £40K pa (there are other refinements that mean you could pay higher than this if the full entitlement has not been taken in the last 3 years)

As such there is no lower limit......... but the employer cannot pay an employee less than the minimum wage without failing foul of the minimum wage legislation - so no putting all of an employees salary in!

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