How much does it cost?

Pension contributions

As an employer, you will have to contribute a percentage of your employee’s salary to their pension pot.

The table below shows the minimum contributions you and your employees will need to pay, but you can choose to pay in more if you want to.

Date	Employer Minimum Contribution	Employee Contribution	Total Minimum Contribution
Current rate: 6 April 2019 onwards	3%	5%	8%
Previous rate: 6 April 2018 to 5 April 2019	2%	3%	5%

Member charges

Annual Management Charge (AMC)

This will vary depending on whether members have made their own investment choices or they are leaving it to NatWest Cushon to make investment decisions for them using one of our default investment strategies

Investment Switching charges

Members who have chosen the Freestyle Option are entitled to switch investments twice per annum without an administration charge. Subsequent requests within a 12 month period may incur a charge, a decision which lies with the Trustee.

If you were on the Enhance scheme which is now WPTE then please see this page for charges information

The Scheme’s Board of Trustee Directors reviews the charging structure on a regular basis.

Members can find the full charges for their NatWest Cushon workplace pension in their Cushon app.