You can opt out, but you will lose your employer’s pension contributions and you will lose out valuable benefits not linked to the pension scheme, which you only get as a member with us.
Paying into a pension scheme gets you in the habit of saving for the future, your money plus a tax credit from the Government plus investment growth and your employer’s payments will go a long way in the future.
If you change your mind you may be able to opt back in – speak to your employer if you want to do this.
If you stay opted out your employer will normally put you back into pension saving in around three years.
If you change job your new employer will normally put you back into pension saving straight away.
