As your employer, we are required by law to help you save for your retirement, that's why we provide our Cooplers with a workplace pension scheme which is run by NEST.
How does it work?
You will be enrolled 12 weeks after your first shift providing you meet the following criteria:
You are 22 or over, but less than state retirement age
You are working, or ordinarily work in the UK
You earn more than £10,000 per annum
You are not already a member of a qualifying workplace scheme we provide.
NEST will write to you when this happens. If you don't meet the above criteria, you won't be enrolled automatically. If however, in the future, you earn more than £192 per week, or £833 per month, and meet all the other criteria, you will be enrolled and informed.
How much will I save?
That depends on how much you earn. We calculate contributions based on your annual qualifying earnings (between £5876 and £45000). As your employer, we'll pay the employer contributions, and you'll pay member contributions which are outlined below:
Employer contribution: 3% of your qualifying earnings per week.
Member contribution: 5% of your qualifying earnings per week (automatically deducted).
For more information on NEST, including opting out of the pension scheme, and details on how to stop it if you're already enrolled, be sure to download the information pack.
Alternatively, you can visit the NEST site at: