Automatic Pension Enrollment

by jamieford at 11:59 27/03/15 (Ask-Legal-Accounting)

I've recently stopped all pension contributions for myself as we have moved into a bigger house that needs work doing to it. I was originally under the impression that I and my wife could opt out of automatic pension enrollment but the latest letter received from The Pensions Regulator suggest that:

- I (as I am over 22 and earn more than £10k p.a) have to make a 5% contribution and my company has to make a 3% contribution. - My wife (as she earns less than £10 but over £5772) can opt out of joining a pension scheme. Is this a correct assessment? If so, I assume I can use my existing pension provider? Do you see any issues with me registering on the Pension Regulators website? I'de rather opt out if I can! -- jamieford Tweet

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