Automata UK 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.
You have 2 options available to you for how your pension is paid:
We deduct your contributions from your NET PAY on a relief at source (RAS) basis.
💡 Employer Contributions: 3.0% of your earnings 💡 Employee Contributions: 5.0% of your earnings (4% employee & 1% government tax relief)
In total = 8%.
For example:
Employee (your salary) : £100,000/12 = £8,333.33 * 4% (as the remaining 1% is claimed via tax relief) = £333.33
Employer (your salary) : £100,000 /12 = £8,333.33 * 3% = £250
TAX RELIEF
If you are eligible
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.