Retirement Savings Plan

You can only be a member of one workplace pension scheme, so if you wish to join the Retirement Savings Plan you'll need to opt out of your current pension scheme.

Join the RSP

Change your contributions to the RSP, simply complete the form at the link below.

Change RSP contributions

When joining the RSP, Life Assurance is provided at no cost to you by NTU. Your beneficiaries may be able to receive a lump sum worth 5 times your salary if you die while you are employed by NTU before the age of 70.

Life Assurance will be available to you (subject to being actively at work) if you join the Plan within 3 months from when you’re first able to.

Don’t worry, if you apply to join the Plan after the 3 months, you can complete a discretionary entrant form for Life Assurance. 

Find out more about Life Assurance and eligibility conditions here

Read the Life Assurance employee guide

Income Protection may provide you with a regular income if you are under 70 and unable to work at NTU due to
long-term illness or injury. It can also provide you with rehabilitation services to help you return to work, if needed.

Income Protection will be available to you (subject to being actively at work) if you join the Plan within 3 months from when you’re first able to.

Don’t worry, if you apply to join the Plan after the 3 months you can complete a discretionary entrant form for Income Protection. 

Find out more about Income Protection

As part of NTU's membership in the Retirement Savings Plan, all colleagues can access a range of additional benefits, including our Employee Assistance Programme, Care Concierge, and more.

RSP Additional Benefits 

Colleagues should think carefully about the level of contributions they would like to make before joining the Plan. You should ensure that any contribution you choose will not reduce your salary below the National Minimum Wage (NMW) or the Lower Earnings Limit for National Insurance (NI) purposes.

There are also other impacts to consider when reducing your gross salary, such as the calculation of statutory benefits, including statutory maternity pay (SMP), as well as the salary used for financial agreements, such as mortgage applications.

RSP More information 

Access to free independent financial advice 

NTU have partnered with Fairstone Financial Management Limited  to provide colleagues access to independent advice who may need support in making a decision when thinking about their individual circumstances.

Any time sessions:

Free 30 minutes sessions continue to be available through MS Teams, by experienced and qualified financial advisers, who will be able to explain:

• how the scheme operates and how to join
• why this may be a cost-effective option for you
• the value of the other benefits you will receive as being a member of the Plan.

Alternatively, you can email Fairstone nottinghamtrent@fairstone.co.uk  if you have a specific question that you need answering.

How to book a 1-2-1 session:

Please contact Fairstone by either email or telephone, to arrange your free 1-2-1 session.

• Email: nottinghamtrent@fairstone.co.uk
• Telephone: 0116 4972030