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I am not in the pension at work,
Apparently standard life are forcing people to opt in before they can opt out. and my work said they are not allowed to opt out on my behalf anymore, I find this quite strange. So they will take my contribution on my next salary then I have to cancel it with them and then get it back the next pay day.
is this really allowed?
Yes. it is called auto-enrolment.Quote:
Originally Posted by Pat Vegas
When the new pension regulations kicked in it requires Companies to enrol everyone on the payroll into a pension scheme.
the individual can opt-out but be aware that you will be automatically re-enrolled in 3 years time.
tl;dr - you will default into a pension scheme.
Yeah but previously when I was asked to opt in or out they didn't nick my money first. pricks.Quote:
Originally Posted by IUFG
you'll get it back... :thumbup:Quote:
Originally Posted by Pat Vegas
without interest I suspect. they'll prboably tax me twice to the thiveing cundsQuote:
Originally Posted by IUFG
actually I am not annoyed about it.
Why don't you want to be in the pension scheme Fash?
You do realise it is ***FREE MONEY*** right?
Like I am gonna live that long. Can't even buy toilet paper right now.Quote:
Originally Posted by Maravilloso Marvo
I will rejoin the scheme at a later date.