How can my employees opt out of the pension ?
In accordance with UK law, employers are required to enrol all eligible employees in a workplace pension scheme. Employers do not have the option to opt-out employees from this automatic enrolment. However, employees retain the right to opt-out of the scheme if they choose to, but this process must be completed by the employees themselves as stipulated by The Pensions Regulator (TPR).
Upon submitting a pay run, Collegia FreePayroll will automatically enrol all eligible job holders into the Collegia Pension scheme. Each enrolled employee will receive a welcome pack via email, allowing them to either opt-out or complete the registration process. If an employee opts out within 30 days of enrolment, a refund will be processed in the next pay run. You can monitor your employees' pension statuses anytime by navigating to the "People" section and checking the "Pension Status" column.
Upon submitting a pay run, Collegia FreePayroll will automatically enrol all eligible job holders into the Collegia Pension scheme. Each enrolled employee will receive a welcome pack via email, allowing them to either opt-out or complete the registration process. If an employee opts out within 30 days of enrolment, a refund will be processed in the next pay run. You can monitor your employees' pension statuses anytime by navigating to the "People" section and checking the "Pension Status" column.
Updated on: 21/07/2024
Thank you!