What to do if you’ve got a nest pension and want to save it
There are many ways you can make your nest pension.
If you’re an employee and receive a pension, you can either: Make the nest pension yourself You can save your pension if you’re eligible and make the contribution yourself.
You can do this by: Paying into a savings account and making a contribution in the form of a lump sum.
This is known as a vested pension.
This will cover the full amount of your pension plus any accrued benefit or tax that might have accrued.
This means you’ll receive a lump-sum payment, but it won’t cover the difference between your pension and what you’d normally have paid into your pension account.