You might be thinking of opting out of the pension scheme for a variety of reasons. Whatever the reason, please take the time to consider what you would be giving up, particularly in terms of the contributions that your employer will make towards your retirement savings. If after consideration you still want to opt out of pension savings, please complete ‘Opt-out’ form and return it to your employer, within the timescales advised by them. If you don’t meet these timescales, then you’ll become an active member of the scheme and contributions to your pension will start. If this happens then any contributions made can’t be refunded. Please note that anyone who opts out or stops making payments will be automatically enrolled back into the pension scheme at a later date (usually every three years).