Eligible jobholders who have been automatically enrolled or non-eligible jobholders who have opted in to a pension scheme have the right to opt out of the pension scheme at any time. Entitled workers who ask to join a scheme do not have opt out rights.
We urge any employee considering opting out to think through their decision and/or consider alternative retirement savings arrangements. By opting out an employee will not benefit from the additional savings and adjoining tax benefits.
The employees guide to auto enrolment provides a great overview of the benefits of being a member of the NOW: Pensions scheme.