How to opt out of work place pension?

[SueEllen]

How do I enrol them? Who send them the opt-out letter?

link

[kolata]

Lot 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!

It is one director + one employee. So it seems I am an employer.

[kolata]

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).

How do I know who is the pension provider?

[SueEllen]

How do I know who is the pension provider?

Who is the pension provider?

[kolata]

Who is the pension provider?

That's the question. Is it NEST?

[WTFH]

That'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.

[kolata]

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.

No one has.
In process of changing accountants.

[WTFH]

No 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

[kolata]

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

Will do, but what is the purpose of this forum then?
Just for <mod snip>

[WTFH]

Will 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.