Opting out

Even if you are automatically enrolled, you have the right to opt out of the Pension Scheme at any time.

If you would like to opt out, please call Group Pensions on 0800 090 2267.
When you call, you will need to have all the following information to hand:

  • Your full name
  • Your date of birth
  • Your National Insurance number
  • Your Employer
  • Your Payroll/Employee number
  • The Payroll that you are on - you will need to obtain this information from your HR or Payroll

Foods employees - as the Company has enrolled you into the Scheme as a condition of your employment, you have a period of 30 days to opt out and obtain a refund of your contributions. If you opt out after this 30 day period, your benefits will remain deferred in the Scheme. The only exception to this, is if you are re-enrolled at the three years anniversary.

Retail employees - as the Company is only operating Auto Enrolment, you have a period of one calendar month from the date that your Enrolment letter is issued to opt out of the Scheme and receive a return of your contributions. If you opt out after one calendar month, your benefits will remain deferred in the Scheme. Please remember that you can't opt out whilst you are in your three month Postponement Period.

If you do decide to opt out, please remember this could mean you are not saving any money for when you retire. You will also be losing out on the opportunity to obtain extra money from the Company!

If you opt out you will also no longer be covered for death in service benefits if you die. To find out more about this valuable benefit, please click here.

There may be times when the Company will have the legal obligation to automatically re-enrol you. You will be contacted before such decision is made, and if you choose, will have to opt out again if you wish.

Your opt out request will be processed by your Payroll department for the next available payroll run. If your instruction is received close to or just after your payroll cut-off, it will be processed in the next payroll period.