Make your Nestlé pension
work for you.

Taking your benefits

Your Normal Pension Age (NPA) in the Fund is your State Pension Age, unless your contract of employment states otherwise. You can choose to take your benefits earlier or later than this if you wish.

Retiring early

If you wish, you may retire early at any time from age 55 (under current legislation) with Nestlé’s consent.

If you joined the Fund before 6 April 2006, you can take your benefits from age 50 if you leave Nestlé’s employment, become a deferred member and then choose to retire. See Pre August 2010 Benefits for more information.

If you were a member of the Nestlé Waters UK Ltd Retirement Benefit Scheme before 31 July 2010, you can retire from age 50. See Pre August 2010 Benefits for more information.

If you joined before 1 August 2017, see Previous benefits for information about how your pension built up to 31 July 2017 is reduced for early retirement.

Your pension will depend on the value of your account when you retire and the cost of buying a pension at retirement. Remember, if you take your benefits early, your account will have less time to grow and your pension may be lower. Also, if you retire early, your pension may be lower because it is likely to be paid for a longer period.

Retiring late

If Nestlé agrees, you may continue working beyond your Normal Pension Date and you can either choose to opt out of the Fund or continue to contribute until whichever is the sooner of your retirement date or your 75th birthday. The benefits you receive will depend on whether you opt out of the Fund or continue to contribute.

If you opt out of the Fund at your Normal Pension Date:

  • you stop making contributions;
  • your account will continue to earn investment returns;
  • your pension will depend on the value of your account and cost of buying an annuity at retirement;
  • your death in service cover will reduce to a cash lump sum of 2 x Pay and whatever dependant's pension can be bought with the value of your account.

If you remain an active member of the Fund after your Normal Pension Date:

  • you continue to make contributions to the Fund as normal (up to age 75 maximum);
  • your pension will depend on the value of your account and the cost of buying an annuity at retirement;
  • death-in-service benefits continue as normal.
At retirement guidance

Nestlé wants you to be able to make decisions that are right for you when you take your pension benefits. Before you make any decisions, it is vital that you have all the information you need to make a fully informed decision.

Nestlé recognises that the decisions you need to make are complex, and to assist you with your decision making process at retirement, Nestlé offers you the opportunity to access ‘At Retirement Guidance’ from an Independent Financial Advisor (IFA), which Nestlé will pay for.

This service is designed to help you understand your options with regards to your retirement. To access this service you will need to contact the team at Origen Financial Services Ltd (“Origen”) and make an appointment:

Telephone: 0800 656 9967
Write: Origen Financial Services, Infor House, 1 Lakeside Road, Farnborough, Hampshire GU14 6XP

You will need to provide the team with a copy of your retirement quotation in advance of your meeting.

Please note that you will only be able to access the guidance paid for by Nestlé once. Should you wish to go on and receive financial advice from Origen the cost of this will need to be met by yourself.

Leaving Nestlé

If you leave Nestlé before your Normal Pension Age (NPA) without retiring, or decide that you do not want to be a member of the Fund and opt out but continue working for Nestlé, your contributions will stop. You’ll stop building up any further pension benefits in the Fund. If you continue working for Nestlé and you opt out, your life insurance cover will reduce to two times Pay.

If you opt out but remain employed by Nestlé, you may be automatically enrolled again in the future. This is because the government has specified that every three years employers must re-enrol eligible employees who have opted out. If you opt out and are aged under 22 or earn less than £10,000 a year (£833 a month) , you may be re-enrolled sooner than 3 years if your circumstances change and you meet the criteria for automatic enrolment. If you have recently joined or been enrolled into the Fund, see also Opting out.

To opt out you need to complete an Opt-out form. If you do not have access to a printer, you can request a paper version from Nestlé Pensions by email or by phone on (0208) 667 6363. Complete, sign and return the form to Nestlé Pensions, 1 City Place, Gatwick, RH6 0PA. Alternatively, we will accept a scanned version of your completed, signed form by email to: Before transferring out of the Fund, you might want to take independent financial advice. The money advice service has a directory of advisors who are authorised by the Financial Conduct Authority – visit

Benefits on leaving

Your pension options will depend on:

  • the length of time you have been a member of the Fund; and
  • if you joined the Fund on or after 1 October 2015:
    • whether you have defined contribution (DC Core and DC Start) or defined benefit (DB Core and DB CorePlus) benefits in the Fund; and
    • whether you were contractually or automatically enrolled into the Fund.