Nest / St. James’s Place Comparison

Not sure where to start with your pension options? Clarity Umbrella take a quick look at the differences between our default pension scheme offered by Nest and our St. James’s Place Retirement Planning option…

Salary Sacrifice is an HMRC-recognised method of arranging pension contributions. Contributions made in this way to a registered pension scheme are not liable to income tax, or National Insurance (both Employers and Employees NI). It is therefore a highly tax-efficient means of structuring your remuneration. Suppose for example that your gross earnings are £75,000 per annum. The immediate out-of-pocket (after tax) cost to you of a £500 pension contribution would be £254.83 – and the cost of a £1,000 contribution would be £509.66. Please note these are estimate figures and may vary dependent on the umbrella margin taken.

Further, investment growth on funds within pensions is fully free of UK tax. According to current legislation,  up to 25% of your pension pot can be taken tax free after age 55.

Interested to find out more about your options?

If you’d like to learn more about your options – both Nest and the Retirement Planning service from St. James’s Place, then Paul will be pleased to have an introductory meeting. You can contact Paul via or on 07920 888 284.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select, and the value may therefore fall as well as rise. You may get back less than you invested.