Once you’ve been employed for 3 months continuously, you will automatically be enrolled into Automata’s pension scheme, provided by NEST (National Employment Savings Trust).
NEST will send you a welcome pack through the post which will include your NEST ID and an email to your Automata email account with instructions on how to switch on and manage your online pension account.
<aside> 💡 Your Contributions: 5.0% of your Qualified Earnings
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<aside> 💡 Employer Contributions: 3.0% of your Qualified Earnings
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Automata uses NEST as a workplace pension provided and uses the qualified earnings method to calculate contributions for auto-enrolment. For more information click here.
"Qualified earnings" ("QE") is the amount on the basis of which the pension contribution is calculated.
For the year 2024/25 the amount of qualified earnings is £6,240-£50,270, this means that you will contribute a percentage of your gross annual earnings that fall in between these figures: the first £6,240 is not included, therefore qualifying earnings can not be more than £44,030 (£50,270-£6,240).
Below is a breakdown of our company pension contributions:
Employee Contribution - 5% (4% employee & 1% government tax relief)
Employer Contribution - 3% (3% employer)
In total - 8%