New video on saving for your future……(46) Pension basics explained – YouTube

As an long term temporary worker you will know we use a company called NOW Pensions. This will have been talked about during your interview with one of our consultants.

You will find further information on this in your “Welcome to Bennett’s” email pack we sent you.

Please do not hesitate in contacting us or them for further guidance.

The law states that from October 2012 UK employers and employees got together to start saving for retirement. This is known as Auto-Enrolment, this is a new savings plan that both you and your employer will save into – even the taxman will help you save by way of tax relief.

All temps will be auto-enrolled into the pension scheme. Should you decide to opt-out you need to contact NOW Pensions for an opt-out form (you have up to 30 days to do this), we will then go on the system and change your records accordingly.

The Pension scheme provider that Bennett’s has chosen is NOW Pensions. NOW pensions are well equipped to deal with all your enquiries and can be contacted on;

03301003334 – Members line –

http://ae.nowpensions.com/wktf

Helpful links to explain pensions:

http://www.nowpensions.com/wp-content/uploads/2014/02/Introduction-to-Auto-Enrolment.pdf

https://www.youtube.com/watch?v=JxOiocWzqZ4

If for some reason you qualify, but choose not to join, then you can opt-out. However, it is wise to have some alternative pension provision in place.