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 Opt Out Form for Group Pension Scheme  Scottish Widows 2013

2013-2025 Form

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Instructions and help about Opt Out Form For Group Pension Scheme Scottish Widows

[Music] there are a number of options available to you when looking at saving for the future and what works best for you will depend on your personal circumstances if you're employed you'll automatically be enrolled in your workplace pension providing you're 22 or older and earning over 10 000 pounds per year the benefit of a workplace pension is that you your employer and usually hm revenue and customers all pay into it so anything you pay in is topped up which can add up to a lot of extra money in your pension for example a group personal pension provider will add basic rate tax relief to your pension if you pay tax at a higher rate than this you can reclaim it from hm revenue and customs an independent provider such as scottish widows or independent trustees look after your pension and they'll invest your money with the aim of growing your savings for retirement you normally can't start to take money from your pension until you're 55 a

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