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How does the pension scheme work?
How does the pension scheme work?

Learn about pension contributions at Ryde.

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Written by Tom Nimmo
Updated over 5 months ago

When you are classed as a worker, you contribute to your pension.

You will be enrolled in the NEST pension scheme if you meet statutory enrolment criteria which include: You being classed as a ‘worker’, being aged between 22 and State Pension age, earning at least £10,000 per year (assessed weekly), and usually working in the UK.

Your employer does not have to contribute to your pension if you earn £520 a month, £120 a week, or £480 over 4 weeks (or less).

Your pension contribution is deducted from any Delivery Fees earned as a self-employed worker courier. If you meet the criteria stated, Ryde will also contribute towards your pension! We will write to you when you’ve been automatically enrolled into the workplace pension scheme.

Your employer can delay the date they must enrol you into a pension scheme by up to 3 months. If you no longer wish to be a member of the scheme, you may be able to cease active membership or have a right to opt out in certain circumstances.

You can see pension contributions from the Job & pay history page.

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