If your workplace stops using now:pensions, it will no longer pay in to your pension savings and neither will you. But your pension savings still belong to you. You can use now:u to manage them.
This could happen if, for example, your workplace goes insolvent. Or, it could change to a different pension provider for its workplace pension.
You’re still a member of now:pensions
If your workplace stops using now:pensions as its workplace pension, you don’t build up any more pension savings. But, you’re still a member of now:pensions. You have full access to your now:pensions account and the money in it belongs to you. You can carry on using now:u to manage your pension savings.
We’ll look after your money
We’ll look after your pension savings until you start taking them out of now:pensions, or transfer them out.
You can only start taking money out of your now:pensions savings once you’re 55. This goes up to 57 in 2028.
Find out more about taking your money out of now:pensions.
You can transfer your pension savings out of now:pensions to another pension provider at any time.
Find out more about transferring pensions.
If you rejoin now:pensions in future
If you’re re-enrolled into now:pensions by a different workplace in future, we’ll join your now:pensions accounts together. So you won’t have to keep track of two separate accounts. You’ll be able to see all your now:pensions savings in one place.
