• BenAstro Group have their auto enrolment responsibilities.
• You will receive communication from them via email during the first 30 days of joining.
• All the needed information about pension and its associated contributions will be provided by the specified pension company.
• After you will be auto enrolled, you can choose to opt-out if you do not wish to be in the pension scheme and you have a 30-day window to do this.
• Any contribution taken in this time will be refunded to you if you choose to opt-out.
What You Need to Know
• If you change your mind, you may be able to opt back in – write to your employer if you want to do this.
• If you stay opted out, your employer will normally put you back into the pension scheme in around three years.
• If you change your job, your new employer will normally put you back into the pension scheme straight away.
Declaration
• I wish to opt out of the pension scheme.
• I understand that if I opt out, I will lose the right to pension contributions from my employer.
• I understand that if I opt out, I may have a lower income when I retire.