National Employment Savings Trust (NEST)

by Tax Faculty Team on 27.02.2012 14:20

Investing in employer sponsors


NEST is the pension scheme for workers who do not have access to a company pension scheme and is due to become operational later this year.


The Government will introduce rules so that if NEST ends up with more than 20% invested in companies that ‘sponsor’ it that won’t be treated as creating unauthorised payments and tax liabilities which would arise in a normal situation where a pension scheme invests more than 20% of its assets in the company ‘sponsoring’ it.


There is a Tax Information and Impact Note and a draft Statutory Instrument.