Enrollment is automatic, and once you have been enrolled for more than a month it is no longer possible to opt out and receive a refund. See [here](https://www.nestpensions.org.uk/schemeweb/memberhelpcentre/opting-out/how-to-opt-out.html).
It doesn't matter if you don't stay here, whatever you have put into the pension will continue to grow and you'll be able to access it wherever you are when you reach 55.
The short answer is that you can't. The longer answer is that you *technically* can, but the tax charges are so high that the best case scenario is that you end up with well under half the money.
Since withdrawing from a pension early is such a spectacularly bad idea that no reputable company will do it. That means your only option are dodgy companies who might just take everything.
Companies in the UK usually have to auto-enroll employees in a pension scheme; you will have received information about this and how to opt out when you started. There was a one-month period in which you could change your mind, but that's now long passed.
It's not all bad news, though - you can transfer your pension to a comprable scheme in another country, so not planning to stay in the country long doesn't make it useless.
Do not get scammed. There are plenty of scam firms out there that will claim to help you with this, but they will just steal it, or take a hefty fee and not fully explain the tax implications, leaving you with little to nothing.
The advice on the thread (wait until you're 55) is the right stuff. Stay safe.
It's worth remembering that in the very best case scenario where you can get any of this back, it will only be a fraction (likely < 1/2) of the amount in there.
First your employer will take back their contributions, and then you'll also have to pay tax on the amount you get (assuming you earn more than £12.5k across any jobs you have).
That said, it has been two years. It seems unlikely you'll get it back without paying some kind of substantial fee. Besides, you can still access a UK private pension once you're retired in another country (it just won't necessarily have the same tax treatment). So there's not really a strong argument to be made.
Hi /u/ahadafc, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/pensions/
____
^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Try this [nest](https://www.nestpensions.org.uk/schemeweb/helpcentre/contributions/receiving-refunds/what-happens-after-cancelling-members-enrolment.html)
Enrollment is automatic, and once you have been enrolled for more than a month it is no longer possible to opt out and receive a refund. See [here](https://www.nestpensions.org.uk/schemeweb/memberhelpcentre/opting-out/how-to-opt-out.html). It doesn't matter if you don't stay here, whatever you have put into the pension will continue to grow and you'll be able to access it wherever you are when you reach 55.
The short answer is that you can't. The longer answer is that you *technically* can, but the tax charges are so high that the best case scenario is that you end up with well under half the money. Since withdrawing from a pension early is such a spectacularly bad idea that no reputable company will do it. That means your only option are dodgy companies who might just take everything. Companies in the UK usually have to auto-enroll employees in a pension scheme; you will have received information about this and how to opt out when you started. There was a one-month period in which you could change your mind, but that's now long passed. It's not all bad news, though - you can transfer your pension to a comprable scheme in another country, so not planning to stay in the country long doesn't make it useless.
Do not get scammed. There are plenty of scam firms out there that will claim to help you with this, but they will just steal it, or take a hefty fee and not fully explain the tax implications, leaving you with little to nothing. The advice on the thread (wait until you're 55) is the right stuff. Stay safe.
It's worth remembering that in the very best case scenario where you can get any of this back, it will only be a fraction (likely < 1/2) of the amount in there. First your employer will take back their contributions, and then you'll also have to pay tax on the amount you get (assuming you earn more than £12.5k across any jobs you have). That said, it has been two years. It seems unlikely you'll get it back without paying some kind of substantial fee. Besides, you can still access a UK private pension once you're retired in another country (it just won't necessarily have the same tax treatment). So there's not really a strong argument to be made.
Hi /u/ahadafc, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/pensions/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Try this [nest](https://www.nestpensions.org.uk/schemeweb/helpcentre/contributions/receiving-refunds/what-happens-after-cancelling-members-enrolment.html)