Yes, if you meet the eligibility criteria, you will still be automatically enrolled into the Scheme. You will be able to opt out again but only once you’ve been automatically enrolled. See Q7 and Q8 for details of how to opt out. 

Yes, you can join the Scheme before you become eligible for automatic enrolment. You should complete an Opt in Form.

Paysmart is the salary sacrifice arrangement for all employees of AXA UK. By making your contributions through Paysmart or any salary sacrifice arrangement, you make both income tax and NI savings. If you don’t make your pension contributions through Paysmart, then you will only receive income tax savings. 

If you are currently making your contributions via Paysmart and wish to stop, then you will need to complete and return the Paysmart opt out form. Please note that if you opt out of Paysmart, then you will no longer receive National Insurance relief on your pension contributions.

You will be automatically enrolled based on the default contributions applicable to your area of the business. You can find out how much this is and what it will cost you with the contributions calculator.

Yes, once you’ve been automatically enrolled in the Scheme, you can make changes to your contribution. You can find out more about paying more (or less) in our contributions section.

Yes, you can choose to opt out of the Scheme if you want to, but you cannot opt out before you’ve been automatically enrolled. Opting out is a serious decision which could materially affect your long term financial well-being. You should therefore think very carefully about the consequences of opting out and you may wish to take independent financial advice before making your decision. If you do opt out, you will still be covered for a lump sum death benefit, but it may be at a lower level than as a Scheme member.