How does NEST work?

Employer Overview

Managing employee entitlements with NEST is straightforward, efficient, and designed to benefit your business. Our process ensures seamless integration with your operations while providing security for your employees.

1. Joining NEST

Joining NEST is simple and involves 3 easy steps:

  • Complete the Application: Submit the Employer Application Form and other necessary documents, like the Deed of Adherence. Our team will guide you through the process.
  • Provide Employee Details: Share details of your employees via our user-friendly formats, whether individual forms or bulk electronic data submissions.
  • Start Contributing: Begin making contributions to secure your employees' entitlements. You'll receive your first Contribution Statement to finalise the registration process.

2. Contributing to NEST

NEST offers flexibility in how contributions are made, allowing you to choose the method that best suits your business needs:

  • Immediate Transfer: Transfer all accrued entitlements into NEST in one simple payment.
  • Term-Based Contributions: Gradually transfer existing liabilities over a set period, with monthly contributions.
  • Future Accruals Only: Pay new entitlements into NEST while retaining existing liabilities on your balance sheet.
  • Fixed Monthly Payments: Set an agreed monthly amount to streamline the process further.

Contributions are tax-deductible and immediately reduce entitlement liabilities on your balance sheet.

3. Claiming Entitlements

When employees access their entitlements, NEST reimburses employers promptly:

  • Employees claim their entitlements from you in the usual manner.
  • Submit a reimbursement request to NEST via a simple claim form.
  • Reimbursement is processed promptly, either as a credit to your account or direct payment.

In cases of insolvency, NEST pays employees directly, ensuring their entitlements are secure.

4. Managing Your Account

Every NEST employer receives:

  • Secure Online Access: Track contributions, view employee balances, and manage claims via your personalized portal.
  • Comprehensive Reporting: Monthly Contribution Statements and detailed Claim Advices for transparency.

Our support team is always available to assist with queries, ensuring your experience with NEST is smooth and worry-free.

Employee Overview

At NEST, we ensure your entitlements are secure, transparent, and easy to access. Here's how NEST works for you:

1. Joining NEST

When your employer becomes a NEST member, your entitlements are automatically included. You’ll receive:

  • A Personal NEST Account: Your account will hold the contributions made by your employer on your behalf.
  • Secure Access: You’ll be provided with login details to view your account balance and activity anytime through the NEST portal.

There’s no need to worry about setup—everything is managed seamlessly by NEST and your employer.

2. Earning Entitlements

Your employer contributes regularly to NEST based on your entitlements, such as:

  • Annual leave and loading
  • Long service leave
  • Sick leave
  • Redundancy or severance pay

These contributions are safely held in trust, protected from business risks, and invested to maintain their value.

3. Accessing Your Entitlements

Claiming your entitlements through NEST is simple and hassle-free:

  • When you take leave you claim directly from your employer as usual. Your employer will be reimbursed by NEST.
  • In Case of redundancy or insolvency, NEST pays you directly within days, providing financial security when you need it most.

You’ll always receive your entitlements promptly, ensuring peace of mind.

4. Managing Your Account

Your NEST account offers full transparency and convenience:

  • Online Access: Check your balance, view contributions, and track your entitlement activity anytime.
  • Detailed Statements: Receive regular statements summarising your account activity.

Your privacy is a priority, and all your personal information is kept secure.

5. Why it matters

With NEST, your entitlements are:

  • Protected: Held independently in trust and safe from business risks.
  • Accessible: Quickly paid in the event of redundancy or insolvency.
  • Transparent: Giving you clear visibility of your entitlements at all times.

NEST works to ensure you have the security and support you deserve.