What happens if I take a contribution break?

You can stop or take a break from paying contributions at any time and leave your pension invested. Please refer to your product key features document for any additional requirements. 

If your employer makes pension contributions, the amount they add might depend on how much you contribute. Any break is likely to reduce your future pension. If you’re thinking of taking a contribution break, speak to your financial adviser or employer to find out more. Your terms and conditions will give you more details.

If you’re automatically enrolled or opt in, you can take a break from paying contributions or reduce your contributions to below the minimum level set by the government. But, you’ll be stopping active membership and opting out of the qualifying scheme. You might not be able to re-join at a time that suits you. If you decide to opt out or reduce your contributions to below the minimum level (including stopping contributions completely), your employer will automatically re-enrol you into the scheme. This would happen at some stage in the following three years if you’re eligible.