Pension started without consent
Discussion
Just wondered if this has happene to anyone else?
Last day or two I've received letters from the pension company saying its been approved and what my payments will be etc.
This was some what of a shock to me as I intentionally did not return the pension request form I was sent.
I'm guessing it should eb simple enough to get called off as I never signed or gave consent to any of it?
Just not sure why HR felt possessed to publish an application without me signing anything or even stating how much to invest!
Ry
Last day or two I've received letters from the pension company saying its been approved and what my payments will be etc.
This was some what of a shock to me as I intentionally did not return the pension request form I was sent.
I'm guessing it should eb simple enough to get called off as I never signed or gave consent to any of it?
Just not sure why HR felt possessed to publish an application without me signing anything or even stating how much to invest!
Ry
Thanks for pointing me in some direction.
I've justchecked my employment contract and there is no mention of auto-enrolement, it says details will be provided on joining.
The form they sent me (which i still have here) has no mention of a way to opt-out which is why i simply didn't return it.
Seems a bit strange to me, i presume under these circumstances any money taken will be returned?
I've justchecked my employment contract and there is no mention of auto-enrolement, it says details will be provided on joining.
The form they sent me (which i still have here) has no mention of a way to opt-out which is why i simply didn't return it.
Seems a bit strange to me, i presume under these circumstances any money taken will be returned?
Spot on guys, thank you again.
Spoke with them today and they explained as said above and i sent them an email stating i wished to opt-out.
seems a bit odd to force the hand though? is it to reduce the number of people claiming state pensions?
if i had just left it they would of been taking £100/month from me which seems an awful lot to me? but i guess its 5% minimum input isnt it?
Spoke with them today and they explained as said above and i sent them an email stating i wished to opt-out.
seems a bit odd to force the hand though? is it to reduce the number of people claiming state pensions?
if i had just left it they would of been taking £100/month from me which seems an awful lot to me? but i guess its 5% minimum input isnt it?
I've been somewhat putoff pension schemes, it seems the government and employer benefit but the employee is a loser really, i guess thats not much of a suprise aye?
Something that concerned me a year or so ago was that the IT manager at the place i was at the time found out his pension rached some maximum and that he had to continue to pay into it but would never see the money? i believe it went to the government to cover state pensions?
the facts are, i'm 23 and really dont know what to do, i like the idea of just putting money in an ISA i can get at any time but i also could die tomorrow so why not live life a day at a time and worry about it later?
ideally, obviously, i'd like to be a millionaire by the time i'm 30 so a pension shouldnt really be an issue
Something that concerned me a year or so ago was that the IT manager at the place i was at the time found out his pension rached some maximum and that he had to continue to pay into it but would never see the money? i believe it went to the government to cover state pensions?
the facts are, i'm 23 and really dont know what to do, i like the idea of just putting money in an ISA i can get at any time but i also could die tomorrow so why not live life a day at a time and worry about it later?
ideally, obviously, i'd like to be a millionaire by the time i'm 30 so a pension shouldnt really be an issue
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