Our nanny workplace pension service is unique. This is because we believe in giving our nanny employers a choice, rather than offering just one option, such as NEST.
This is our selection of low-cost, small-employer-friendly pension schemes that we can set up directly on your behalf.
| Pension provider | Scheme's cost to you | Cost to employee % of pension pot per year | Employee communications | Ethical fund options | Suitable for payroll frequency |
|---|---|---|---|---|---|
 | £0 | 0.3% of employee's pension contributions + 1.8% of each new contribution |  |  | All |
 | £300 +VAT one-off setup fee (via Pay My Nanny) Or £500 +VAT if you apply directly | - an annual charge of £2.50 - a management charge of 0.5% of the value of the pension pot each year (just 50p for every £100 in the pot) - a rebate on the management charge on savings over £3,000 | | | All |
 | £12.50 +VAT per month (via Pay My Nanny) Or £36 +VAT per month if you apply directly | - £1.75 a month/£21 a year - 0.3% of value of pension savings each year | | | All |
 | £15 +VAT per month | 0.75% | | | All |
Other pension schemes are available, but you would need to enquire directly with the pension provider or via an Independent Financial Advisor.
A small list of available pension schemes is on The Pension Regulator website but this is not an exhaustive list: –
https://www.thepensionsregulator.gov.uk/en/employers/new-employers/im-an-employer-who-has-to-provide-a-pension/choose-a-pension-scheme
