Government regulations state that all employers must put their eligible employees into a workplace pension scheme and contribute to their pension savings. Your employer will put you into your workplace pension scheme as soon as you qualify to be auto enrolled.
Then you and your employer will start contributing to your pension savings.
You can stop your contributions to the Scheme at any time.
- If you opt out within the first month of being enrolled – during the opt-out window – your contributions will be refunded.
- If you stop your contributions after one month, your employer can’t refund your contributions.
Any payments you’ve made into your pension must remain invested until your retirement or until you transfer them out. These rules are set by the government and enforced by The Pensions Regulator.
If you’ve opted out or left the Scheme in the past, your employer may be required to re-enrol you. You can also re-join the Scheme at any time using your online member account.
What you need to know if you want to transfer your pension with us out to another scheme, or transfer other pensions in to our Scheme. We don’t charge you to transfer out.
You can make additional voluntary contributions (AVCs) into your pension at any time. The more you save for your retirement, the more income you’ll have – so it makes sense to save as much as you can afford.
If you haven’t paid tax on any of your UK earnings, we promise to top up your pension savings by the amount of tax relief you’ve missed out on each tax year.