Can I opt out of my Workplace Pension?

Can I opt of out my Workplace Pension?

Yes, you can choose to opt out of your Workplace Pension, and can do this by letting the pension company know. If you don’t know which company this is, then ask your employer and they will give you the details.

If you decide to opt out of the pension within a month of being enrolled any monies you have paid to the pension will be refunded to you. After that this money will normally stay in the pension until you are old enough to withdraw it, which is at least age 55.

Also, by law, your employer will automatically enrol you again after three years. Your employer will contact you to let you know that you have been enrolled and, again, you can opt out if you want to.

See also What is a Workplace Pension?