Government regulations state that all employers must put their eligible employees into a workplace pension scheme and contribute to their pension savings. Your employer will put you into your workplace pension scheme as soon as you qualify to be auto enrolled.
Then you and your employer will start contributing to your pension savings.
You can stop your contributions to the Scheme at any time.
- If you opt out within the first month of being enrolled – during the opt-out window – your contributions will be refunded.
- If you stop your contributions after one month, your employer can’t refund your contributions.
Any payments you’ve made into your pension must remain invested until your retirement or until you transfer them out. These rules are set by the government and enforced by The Pensions Regulator.