If you'd like to leave our pension scheme, then there are two ways to do this. One is called 'opting out'. The other is 'ceasing membership'.
It's confusing because people say 'opt out' all the time, but the name for how you leave a pension scheme changes, depending on when you joined. It all depends on how long you’ve been enrolled into the scheme and whether you were automatically enrolled.
If you want to leave the scheme very soon after being automatically enrolled, it’s known as ‘opting out’. This can only happen if you've been a member of the scheme for less than one calendar month and you have been notified that you were being automatically enrolled. In this situation, your employer will refund any money you've paid into the scheme, after deducting any tax, usually within a couple of months.
If you want to leave the scheme after you've been a member for one month or more, then we call it ‘ceasing membership’ instead. We are not permitted to refund your contributions in this situation. Instead, they are left invested until you reach retirement or decide to move them to another pension scheme.
If you'd like to leave our pension scheme, then there are two ways to do this. One is called 'opting out'. The other is 'ceasing membership'.
It's confusing because people say 'opt out' all the time, but the name for how you leave a pension scheme changes, depending on when you joined. It all depends on how long you’ve been enrolled into the scheme and whether you were automatically enrolled.
If you want to leave the scheme very soon after being automatically enrolled, it’s known as ‘opting out’. This can only happen if you've been a member of the scheme for less than one calendar month and you have been notified that you were being automatically enrolled. In this situation, your employer will refund any money you've paid into the scheme, after deducting any tax, usually within a couple of months.
If you want to leave the scheme after you've been a member for one month or more, then we call it ‘ceasing membership’ instead. We are not permitted to refund your contributions in this situation. Instead, they are left invested until you reach retirement or decide to move them to another pension scheme.
You can opt out of our pension scheme through your Smart Pension account.
If you've been a member of our scheme for less than one month then the page will give you the choice to opt out. If you've been a member of our scheme for more than one month, then the same page will give you the choice to cease membership instead.
You can opt out of our pension scheme through your Smart Pension account.
If you've been a member of our scheme for less than one month then the page will give you the choice to opt out. If you've been a member of our scheme for more than one month, then the same page will give you the choice to cease membership instead.
You can cease membership through your Smart Pension account.
If you've been a member of our scheme for more than one month, then the page will give you the choice to cease membership. We don't refund money to you in this situation, but you will have access to your pension savings when you reach your retirement age. If you've been a member of our scheme for less than one month then the page will give you the choice to opt out instead.
You can cease membership through your Smart Pension account.
If you've been a member of our scheme for more than one month, then the page will give you the choice to cease membership. We don't refund money to you in this situation, but you will have access to your pension savings when you reach your retirement age. If you've been a member of our scheme for less than one month then the page will give you the choice to opt out instead.
If you opt out or cease membership from the scheme, you can ask to opt in again at any time as long as you’re still working for the same employer. But your employer only has to accept that request once every 12 months.
Your employer should also check your personal details once every three years or so to see if you should be rejoin. If your decision to opt out happens less than a year from when they carry out re-enrolment, then they may not include you in these checks. But they should include you next time.
If you decide you want to rejoin the scheme, then you can ask to be re-enrolled at any time as long as you’re still working for the same employer. Your employer might not accept this request if you leave the scheme and try to rejoin it multiple times in a twelve-month period.
If you opt out or cease membership from the scheme, you can ask to opt in again at any time as long as you’re still working for the same employer. But your employer only has to accept that request once every 12 months.
Your employer should also check your personal details once every three years or so to see if you should be rejoin. If your decision to opt out happens less than a year from when they carry out re-enrolment, then they may not include you in these checks. But they should include you next time.
If you decide you want to rejoin the scheme, then you can ask to be re-enrolled at any time as long as you’re still working for the same employer. Your employer might not accept this request if you leave the scheme and try to rejoin it multiple times in a twelve-month period.
Some employers open a workplace pension scheme but choose not to enrol employees immediately. A short delay may make part of their administration easier. That delay is called ‘postponement’.
Employers should let you know if they're going to use postponement. But if you want to, you can opt in straight away and start paying into the scheme.
Some employers open a workplace pension scheme but choose not to enrol employees immediately. A short delay may make part of their administration easier. That delay is called ‘postponement’.
Employers should let you know if they're going to use postponement. But if you want to, you can opt in straight away and start paying into the scheme.
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.
Aims to track the return of the FTSE Actuaries British Government Index Linked All Stocks Index, which features UK government bonds with returns linked to the Retail Price Index (RPI).
Aims to invest in a way which matches the broad characteristics of investments underlying the pricing of a typical non-inflation linked annuity.
Aims to maintain capital and provide a return in-line with money market rates by investing in a range of money market securities denominated in sterling.
This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like a lower level of volatility than the smart growth funds.
Aims to track a filtered index, which excludes companies that operate in industries that breach certain ethical criteria.
This fund aims to replicate the asset allocation, performance and risk profile of our Smart Growth Moderate fund, whilst incorporating additionalscreening criteria that revalues the weighting of each investment depending on their Environmental, Social, and Governance (ESG) score. It aims to limit the additional risks associated with ESG factors.
This fund carries a higher risk of fluctuation to your savings but has the potential for high growth, though this is not guaranteed
This fund carries the lowest risk of loss but also reduced likelihood of a high return, but it may be suitable if you are concerned about volatility.
This fund has been created so that it will typically suit most our members, it has the medium level of risk of these funds.
Aims to provide long-term investment growth up to and during retirement, to facilitate the drawdown of retirement income.
This fund has been created so that it will typically suit most of our members who are approaching their target retirement age and would like an even lower level of volatility than the smart growth funds and the de-risking fund.
Aims to track the return of the FTSE World North America Index, which provides broad exposure to companies in the North American equity market.
Aims to invest in different types of bonds, including corporate and government bonds both in the UK and overseas.
Aims to create long term appreciation of capital through investment in a diversified portfolio of securities which meets Islamic investment principles.
Aims to track the return of the FTSE 100 Index, which contains the largest listed companies on the UK stock market.
Aims to track the performance of the FTSE Developed (ex UK) Index, which provides broad exposure to large and mid-cap companies in the developed world, excluding the UK.
Aims to track the return of the FTSE All-World Emerging Index, which provides access to key emerging economies including Brazil, Russia, India and China.