Comparing the different types of pensions available via Nasa Umbrella

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?

 

✔️ Auto-Enrolment Info 

Employer's Contribution %

 

✔️ ✔️

Employer Contributions Workplace

Employer Contributions  SIPP 

Employee's Contribution %

 

✔️ Employee Contributions Workplace 

Can I pay in extra?

 

✔️

Paying on extra to the workplace pension

Changing your SIPP contributions 

Will Employer match my contribution?

 

Nasa do not match employer contributions. 

Deductions under a Net Pay Arrangement

 

✔️ Net Pay Arrangement and how this works  

Deductions under a Salary Sacrifice Agreement

 

✔️ Tax relief via Salary Sacrifice 

Flexible Provider Choice

 

✔️ Approved SIPP Providers 

Flexible contribution amount or % choice

 

✔️ ✔️ Contribution Options

Can Nasa set up pension for me?

 

✔️

Auto-Enrollment NOW pensions 

Setting up a SIPP via ii

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?

 

✔️ ✔️

Opting out of the workplace pension 

Stopping SIPP contributions 

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.