Who can opt-out?
Article ID
11745
Article Name
Who can opt-out?
Created Date
6th April 2017
Product
IRIS PAYE-Master, IRIS Payroll Business, IRIS Bureau Payroll, IRIS GP Payroll, IRIS Payroll Professional, Earnie, IRIS Earnie IQ
Problem
Who can opt-out?
Resolution
The following workers have the right to opt-out of a pension if they are within the Opt-out Period:
- An Eligible jobholder who was automatically enrolled
- An Eligible jobholder who opted in
- A Non-eligible jobholder who opted in
Entitled Workers do not have the right to opt-out of a pension scheme; if they no longer wish to contribute they must cease contributions in line with the scheme rules.
What should I do if my employee hands me an opt-out form?
You should check the opt-out form is valid. If the opt-out form is invalid, the opt-out period is extended for a further 2 weeks.
For further auto enrolment FAQs click here
Further details on Opting Out can be found on The Pension Regulator’s website, click here.
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