How do I stop saving?

We know that there could be any number of reasons why you want to stop saving into your workplace pension. To do this, you'll need to speak to your HR department and ask them to stop the monthly deductions from your salary. When you're ready, you'll be able to restart them again.

If you do stop saving it could have an effect on the final amount you get back when you retire. Any projected figures we’ve given you were based on our assumption that you’ll pay contributions regularly from the start date until your selected retirement date. If you stop paying, you’ll have less chance of meeting those figures.

Any employer contribution you’ve been receiving could also depend on you making a contribution to your workplace pension. So you might want to check this out before you decide.