We know many people are looking to make additional savings to their pensions, to help save for their future. We have summarised the key features of both workplace pensions and SIPP's below.
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On the right hand side you'll be able to click into our dedicated page for each query.
Key Features | Workplace Pension (NOW) | Salary Sacrifice (SIPP) |
Click for more info (Knowledge Hub) |
Am I going to be enrolled automatically?
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✔️ | ❌ | Auto-Enrolment Info |
Employer's Contribution %
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✔️ | ✔️ | |
Employee's Contribution %
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✔️ | ❌ | Employee Contributions Workplace |
Can I pay in extra?
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✔️ | ❌ | |
Will Employer match my contribution?
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❌ | ❌ | Nasa do not match employer contributions. |
Deductions under a Net Pay Arrangement
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✔️ | ❌ | Net Pay Arrangement and how this works |
Deductions under a Salary Sacrifice Agreement
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❌ | ✔️ | Tax relief via Salary Sacrifice |
Flexible Provider Choice
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❌ | ✔️ | Approved SIPP Providers |
Flexible contribution amount or % choice
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✔️ | ✔️ | Contribution Options |
Can Nasa set up pension for me?
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✔️ | ❌ | |
Available from beginning of my employment with Nasa? |
✔️ | ✔️ | Workplace Pension - Day One Opt Ins |
Will contributions be collected from Statutory Payment (SSP, SMP, SPP etc)? |
✔️ | ❌ | Contributions from Statutory Entitlements |
Can contributions be stopped?
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✔️ | ✔️ | |
Will Nasa look after my pension fund and monitor my personal allowance? |
❌ | ❌ | Not offered by Nasa. |
If you have any questions around comparing pensions and you cannot find the answers you need linked above, just drop us a message to payroll@nasagroup.co.uk and one of the team will be able to assist.