Paying into a final salary pension

Considering leaving

There may come a time when you wish to leave the RPS – if so, here are some of the ways you can go about it:

Opting out after auto-enrolment


If you’ve been auto-enrolled, but feel that paying into a pension scheme isn’t right for you at the moment, that’s fine. The good news is that you can opt-out in three easy steps:

Step one: You need to give an opt-out notice to your employer and you must do this within one month of the terms given by your scheme. Contact RPMI, which administers your pension scheme, for an opt-out notice or for details about submitting this notice. You can download a copy of the opt-out notice or contact RPMI:

Helpline: 0800 2 343434
Email: csu@rpmi.co.uk

When contacting RPMI, please quote your pension reference number - you can find this on the 'Membership details' page, under the 'My Details' section of myRPS.

If you don’t manage to opt-out within the opt-out period, don’t worry. You can still leave the Scheme at any time, but you have to do so by ceasing active membership and leaving the scheme via the normal way as described in your scheme rules.
 
Step two: Once they have your opt-out notice, your employer will stop your membership of the Scheme as if you had never joined. This includes stopping future contributions and refunding any contributions that may already have been deducted from your pay.
 
Step three: You will get another chance. What might not necessarily be right for you at this point in time, may be right later on in life. With auto-enrolment you’ll be automatically enrolled back into the scheme your employer has chosen later (usually every three years). This isn’t to annoy you, but to give you another chance to start saving for your future if you’ve had to opt out now because it’s not right for you at the moment. If you want to know more, you should speak to your employer.
 

Thinking about retiring


Getting close to giving up the world of work can be both an exciting and daunting time, which may throw up plenty of questions for you.

There's plenty of information on this site that will give you support if you're planning for retirement.

It’s also worth logging into, or registering for, your personal myRPS account and reading your member’s guide for further details.
 

Leaving the RPS


If you leave the RPS and haven’t claimed your benefits, you’ll become what’s known as a ‘preserved’ member.

Your benefits are frozen, or ‘preserved’, because you and your employer are no longer contributing to them. However, the benefits will receive an annual increase until you retire. This increase is set by government orders and has historically been in line with inflation.

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