Automata currently uses NEST (National Employment Savings Trust) as workplace pension provider.
Once you’ve been employed for 3 months continuously, you will automatically be enrolled into Automata’s pension scheme.
NEST will send you a welcome pack through the post within 3 working days of enrolment which will include your NEST ID, and an email to your Automata email account with instructions on how to register and manage your online pension account.
💡 Employer Contributions: 3.0% of your earnings 💡 Employee Contributions: 5.0% of your earnings
If you are eligible for tax relief, employee contributions: 5% (4% employee & 1% government tax relief).
For more information on how tax relief is calculated here.
Note – tax relief is set at basic rate (20%). If you are a higher rate taxpayer, you can get additional tax relief - but you must apply for it through HMRC. This additional tax relief goes straight to you rather than being paid into your pot. Find out more.
If you contribute Pension through Salary Sacrifice you do not qualify for tax relief.
You have an option to contribute additional one off or monthly funds into your pension, and you can manage the amount on your online account, instructions here.