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Hi I decided to take voluntary redundancy, there are 3 more wage payments between now and leaving so I worked out that if I cancel the pension contributions immediately I take an extra £650 Gross salary total. This is what I want to do as the money will most certainly benefit me now more than in 30 years (2037). I have 9 and half years of contributions so its a good size fund sat waiting for me to use it in years to come.
I contacted the payroll and pensions department and told them I wanted to cancel with immediate effect, they looked into it and told me their procedures state 60 days notice to cancel contributions.
I asked if I signed a contract to this effect. The woman didnt know but said the rules were the rules.
To the best of my knowledge these are just internal rules so if I want to pull the plug I can just do this. I mean who are they to tell me what I can and cant spend my wages on?
Any help appreciated
Thanks
I contacted the payroll and pensions department and told them I wanted to cancel with immediate effect, they looked into it and told me their procedures state 60 days notice to cancel contributions.
I asked if I signed a contract to this effect. The woman didnt know but said the rules were the rules.
To the best of my knowledge these are just internal rules so if I want to pull the plug I can just do this. I mean who are they to tell me what I can and cant spend my wages on?
Any help appreciated
Thanks
