Get If You Want To Opt Out Of Pension Saving, Please Complete This Form And Pass

A set percentage of gross salary is paid into a retirement account, along with the company's matching contribution, if it has one. The employee can choose to "opt-out" of the retirement plan, or change the percentage deducted.

How to leave a Smart Pension scheme Sign in and go to the Account tab, at the top right of the page. Select Manage membership from the drop down menu. Make sure you've read and understood the messages telling you what will happen when you opt out. Click the red button.

All pension providers, including Smart Pension, charge small fees to manage your money. They help pay for a range of things, including our UK customer service team, mobile app and keeping your money safe and secure.

Fees - We won't charge you for transferring your pension savings out of Smart Pension. Other providers may do so.

If you opt out, we credit all refunds back to your employer, who will then give you your refund through their payroll. If you're still waiting for your refund, it's best to contact your employer in the first instance.

Yes, many people withdraw 25% of their pension savings as a one-off tax-free lump sum, and then convert the rest into a taxable income for life that's known as an annuity. Many decide to take 25% tax free cash and drawdown the rest.

How to leave a Smart Pension scheme Sign in and go to the Account tab, at the top right of the page. Select Manage membership from the drop down menu. Make sure you've read and understood the messages telling you what will happen when you opt out. Click the red button.

An opt-out from the pension scheme usually lasts up to three years. If you've opted out, your employer must automatically re-enrol you into the scheme at a later date if you qualify.