Anybody else in this auto enrollment pension stuff? I am trying to opt out but it's a con

[Pat Vegas]

I have been auto enrolled and have expressly told my work I do not want any part of it.

'you must be automatically enrolled to opt out' fair enough but they are not giving me a chance to opt out.
Apparently I can only opt out after the first payment is taken. for me this is complete and utter bull****. 'you will receive a refund the next month'

This is theft imo.

[Ears are alight]

[7evens]

[7evens]

[Pat Vegas]

months of moving abroad. Where I will then start a new one.

I just object to them taking the money first. It doesn't seem right or correct.

[Mc Gooner]

Seriously :nod:

[Bergkamp's Brain]

If they take about 5%, it should mean that your take home pay shouldn't change by more than £20 a month and you end up with a tax free investment.

[Harry Balls]

Usually.

[Mc Gooner]

It is salary sacrifice but the contributions get tax relief rather than are tax free

The employer also lobs in a few % (4 or 5 is typical) but the total is a bit higher because they don't pay employer NI on the amount

Anyway, as I said before and probably the only time is IS actually true, *****free money *****

[Pat Vegas]

[Pat Vegas]

period. I could carry it on abroad I suppose

[Mc Gooner]

You can consolidate it with your next plan(s) if/when you start one/them