Your Contributions
Contribution information
To be a member of the Nationwide Group Personal Pension (GPP), you make a minimum contribution of 4% of your notional salary each month and for that, Nationwide will add 13%.
You can choose to save more into your GPP by making additional contributions and if you do, Nationwide will match them up to a maximum of 3%.
You can select your own additional contribution level at any time of the year through 'My Benefits Choices' on Nationwide's flexible benefits platform, MyReward.
| What you select in MyReward | What you'll be paying in total (including your minimum 4% contribution) | What Nationwide will pay | Total going into your pension |
|---|---|---|---|
| 0% | 4% | 13% | 17% |
| 1% | 5% | 14% | 19% |
| 2% | 6% | 15% | 21% |
| 3% | 7% | 16% (maximum Nationwide contribution) | 23% |
| 4%+ | 8%+ | 16%* | 24%+ |
* PLEASE NOTE that if you select additional contributions of more than 3%, and you pay by salary sacrifice, Nationwide will pay 6% of the amount over the 3%, as an enhancement. For example, for every £100 you pay over the 3% additional contributions, Nationwide will add £6.
Nationwide's contribution and the income tax relief on your own contribution could make your money go a lot further.
And the sooner you start paying into your pension, the more comfortable your life could be when you stop working.
You can opt out, but if you do you'll lose out on Nationwide's contribution and income tax relief, meaning you may have less money for your retirement. Nationwide will automatically re-enrol you back into the GPP when required to do so by pensions legislation, however, you'll still have the option to opt-out.
Contact us
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Contact your employer
- You can contact Nationwide’s Pension Services team (part of People Services).
- You’ll need to create a Service Request on PeopleCloud Help Desk and select ‘Pensions’ as the category.
Guidance and Advice
This site does not provide financial advice.