PensionsOct 10 2023

What is the cost of opting out of your pension?

  • Describe the challenges that occur when someone opts out of their pension payments
  • Explain the reasons for doing so
  • Identify alternatives to opting out of one's pension
  • Describe the challenges that occur when someone opts out of their pension payments
  • Explain the reasons for doing so
  • Identify alternatives to opting out of one's pension
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Approx.30min
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Approx.30min
What is the cost of opting out of your pension?
Some employees are looking at opting out of their pension due to cost of living concerns. (rawf8/Envato Elements)

In the current cost of living crisis, some employees are tempted to opt out of their workplace pension scheme to boost their take home pay.

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