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How to opt out of work place pension?
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Originally posted by Wijay@WISAccountancy View PostLot of confusion about this from every client I speak to, you can "exempt" your self as an "Employer" for pensions if you are the only one in the company.
https://automation.thepensionsregula.../notanemployer
This means you are not an employer for Pensions Regulator but employer for PAYE.
Hope I didn't confuse you too much!Comment
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How do you opt out?
To opt out, you need to ask the pension provider for an opt-out form. Your employer must give you the contact details for the pension provider if you ask for them. You should complete and sign the form and return it to your employer (or the address given on the form).Comment
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Originally posted by kolata View PostHow do I know who is the pension provider?"You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostWho is the pension provider?Comment
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Originally posted by kolata View PostThat's the question. Is it NEST?
OK, have you, your director, your employee or your accountant enrolled anyone in a pension scheme?
If the answer is yes, then you need to find out what pension scheme they are enrolled in.
If the answer is no, then there is nothing they can opt out of.
First port of call - ask your accountant/financial advisor.…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostOK, have you, your director, your employee or your accountant enrolled anyone in a pension scheme?
If the answer is yes, then you need to find out what pension scheme they are enrolled in.
If the answer is no, then there is nothing they can opt out of.
First port of call - ask your accountant/financial advisor.
In process of changing accountants.Comment
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Originally posted by kolata View PostNo one has.
In process of changing accountants.
OK, best get yourself a good accountant who knows how to work with contractors (i.e. not the cheapest accountant you find or a friend of a friend), then ask them…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostOK, best get yourself a good accountant who knows how to work with contractors (i.e. not the cheapest accountant you find or a friend of a friend), then ask them
Just for <mod snip>Comment
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Originally posted by kolata View PostWill do, but what is the purpose of this forum then?
It's for providing help and advice.
We provided help and advice, you weren't interested in heeding it. Not our fault.…Maybe we ain’t that young anymoreComment
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