How to not be auto enrolled into pensions?

Every three years I go through the same process without warning I have anything between 60 to 100 pound taken from my wages, I get a letter just after saying I have been auto enrolled into a pension scheme I then have to go tell them I do not want this and each time it gets harder and harder to get that first contribution back.

I have my own savings, I would rather have access to my own money when its needed and not go through some convoluted process to get your own money back.

Is there a way of expressing a wish that I do not want auto enrolling into schemes?
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Comments

  • molerat
    molerat Posts: 34,264 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 21 January 2023 at 11:52AM
    No, as the law states that employers must auto enrol you, they can be fined if they do not, and you can the opt out afterwards.  You do realise you are giving away free money ?
  • Unfortunately all employers now have a legal duty to enrol all employees into a pension scheme, so all you can do is opt out within a month and get your contributions back
  • I thank you for your responses, we all do have a different view on life.

    I live more in the present, that 60 or 100 pound a month now helps pay bills, saves me getting into debt thus having its own cost implication, or I can save and draw down on it straight away if needed.

    Knowing how unreliable the world is, I could quite easily give my money away, have the so called free money my employer adds to it and the nominal difference in tax as I am not far above tax thresholds only to discover they muck up and lost all your money..... sorry like comes the message from them.

    At the very least I wish they would ask before enrolling then, so you could if you wish say no. Not take, not warn you, and then surprise you are 60 to 100 quid short. That could be a shop for folks.
  • I have two threads rolling and the answers I am getting regards my wife kind of enforces my thoughts on this, you are giving details of one scheme but at anytime it seems they can change the rules and what you thought was going to get will change. No thanks I will have my money close to hand thanks and use it now not have part of it given back in the future.... possibly,,, maybe,,, if you don't die first.
  • Silvertabby
    Silvertabby Posts: 9,946 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 21 January 2023 at 12:29PM
    If 'losing' that £60 or £100 per month now is such a major drama, how will you manage on just the State pension in retirement?  Note that the new State pension is set at a couple of £s per week over the pension credit (pc) means test limit, so you won't be eligible for pc or all the other extra benefits that follow.
  • Stubod
    Stubod Posts: 2,513 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 21 January 2023 at 12:47PM
    .......free money, tax benefits and money in retirement, so barking mad not to opt into a pension scheme, some people are soooo short sighted!
    .."It's everybody's fault but mine...."
  • Marcon
    Marcon Posts: 13,752 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 21 January 2023 at 6:36PM


    At the very least I wish they would ask before enrolling then, so you could if you wish say no. Not take, not warn you, and then surprise you are 60 to 100 quid short. That could be a shop for folks.
    Your employer is simply complying with the law - and the law says you can't opt out until after you've been automatically enrolled, however annoying you find that. They can't 'ask' you (they have to do it), but they should certainly tell you it's about to happen - or, given it's happened to you more than once, perhaps make a note of when   you'll next be auto-enrolled? 

    By all means opt out but you'll need to buy an awful lot of Lego and pick your bricks with care if you hope to retire on the proceeds: https://forums.moneysavingexpert.com/discussion/6350778/investing-in-lego-does-anyone-else#latest
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • Marcon
    Marcon Posts: 13,752 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    I have two threads rolling and the answers I am getting regards my wife kind of enforces my thoughts on this, you are giving details of one scheme but at anytime it seems they can change the rules and what you thought was going to get will change. No thanks I will have my money close to hand thanks and use it now not have part of it given back in the future.... possibly,,, maybe,,, if you don't die first.
    Those answers refer to the state pension. Having her own private pension provision would have made her much better able to cope with the changes.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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