Automatic enrolment
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Hello there

Key ID: <<Key ID>>

We’re delighted to introduce you to our workplace pension scheme for Key Portfolio employees, provided by NEST. When you become a member, you put a little bit of money aside each time you get paid to help you save for a more comfortable retirement.

Automatic enrolment

We are obliged by law to automatically enrol you into the pension scheme if you meet certain criteria, but this won’t happen until on or after dd/mm/yyyy. Once this date arrives, the trigger for us to automatically enrol you will be the next time your pensionable earnings reach £192 in a week (or £384 in a fortnight/£833 in a month). At this point, as long as you’re aged between 22 and State Pension age, we will enrol you into the pension scheme. After you’ve been enrolled, you can opt out if you want to.

Want to join sooner than this?
From today, you can request to join at any time. To do so, please reply to this email confirming that you would like to join the pension scheme. You must include the phrase ‘I confirm I personally submitted this notice to join a workplace pension scheme.’ Alternatively, send us a signed letter.
When we receive your request, as long as you’re aged between 16 and 74, we’ll make arrangements for you to become a member of the scheme. There are rules that determine exactly what this means and how it will happen for each person:

  • If you earn more than £118 in the week (or £236 in the fortnight/£512 in the month) in which we receive your request, we will enrol you into the scheme the next time your earnings reach that level again. Your minimum contribution will be 5% of your earnings and there’s also a 3% employer contribution.
  • If you earn less than this, we’ll pass your details to NEST who will tell you how you can join directly and make contributions via direct debit. In this scenario, there would be no employer contribution. If you ever meet the criteria for automatic enrolment in future, we'll enrol you via our payroll.
If you have any questions, please check our support centre or contact us. We hope this pension scheme makes it a little easier to save for your retirement.

Kind regards,

Key House, 18 Seaward Place, Centurion Business Park, Glasgow, G41 1HH
Key Payroll Ltd. is registered in Scotland, no. SC432987
Key Portfolio® is a Registered Trade Mark
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