Pay
Your salary is paid in arrears in twelve monthly equal instalments on the 28th of each month directly into your bank or building society account. You will need to provide your bank details as part of the new starter process.
If you commence employment with Big Blue Door part way through the month, or for whatever reason, your employment is terminated part way through the month, your salary will be calculated on a pro-rata basis.
Pensions
To meet our employer duties and help you put money aside for your retirement, Big Blue Door has in place a workplace pension scheme with NEST. NEST is a straightforward pension scheme that gives you one retirement pot for life. Once you’ve been enrolled you’ll be able to activate an online account that lets you take control of your retirement pot.
We’ll make employer contributions to your retirement pot and you’ll pay member contributions. If you’re eligible you’ll also get extra money from the government through tax relief. Your contributions will be deducted from your net pay.
If you decide that you don’t want to put money aside for your retirement just yet, you have the right to opt out. You must do this within the opt-out period, which is normally one month from the date your enrolment begins. NEST will write to you when we register you to tell you about your one month opt-out period.
Opting out
Opting out means you’ll be treated as though we never enrolled you into the scheme. Once a valid opt-out notice has been received, we’ll refund to you any member contributions you’ve made through your salary.
If you change your mind after opting out, you can opt back in again if you want to. We have a duty to make that happen once in any 12 month period if you ask us to.
If you choose to opt out you’ll normally be automatically re-enrolled back into the pension scheme at a later date. This is usually around every three years after the date these new duties first applied to us. This will also happen if you stay in NEST but stop making contributions.
Stopping Contributions
Once you’re a member of NEST and the opt-out period has ended you might want to stop making contributions or take a break from contributing later on. NEST lets you do this. There’s no need to opt out in the first month just because you think you might want to take a contribution break later.
If you do take a break and decide to start contributing again, you just need to let NEST or us know. If you choose to stop contributing, the contributions you’ve made so far will stay in your retirement pot.
Remember that while you’re not contributing you won’t get employer contributions from us either. If you decide to begin contributing again and you also want us to make employer contributions, and you’re eligible to receive them, you’ll need to let us know by submitting a written notice that needs to be signed by you.