Opting out of the pension scheme.

If you are automatically enrolled into a pension scheme you have the right to opt out of it.

You can opt out within one month of your enrolment date or one month from receiving your enrolment notification.

If you opt out within this time, any contributions you have made will be returned to you.

How do I opt out?

Contact your pension provider who will advise you.

Leaving the pension scheme at a later date

You can stop contributing to the pension scheme at any time. If you do, any contributions you or your employer have already made will remain in your pension pot until you take your benefits on retirement or at anytime after age 55.

Depending on the type of scheme you belong to, if you leave before completion of two years' active membership you could be entitled to a short service refund.

Taking a refund of your personal contributions is an option only if your scheme joining date is before October 2015 as the Government has decided to abolish it for new members from this date.

Re-enrolment

If you opt out or leave the pension scheme, your employer has to re-enrol you every three years if you're still eligible.

If you decide to rejoin your employer's pension scheme before this time, speak to your employer.


Manage Your Account

Get the most from your pension or savings by registering or logging in to Manage Your Account today.

Useful Links

Your recently viewed items...

You need javascript enabled for us to remember your Recently Viewed Items.

You might also be interested in...

Automatic enrolment guide

This guide aims to support you in understanding automatic enrolment and how this can affect you and your savings for retirement.

Mortgages

Compare mortgages and talk to an independent mortgage adviser.

Understanding your finances

Learn about debt, savings and planning your money with our fun and interactive Cash Family Challenges.