Call: 0800 011 3797

Call: 0800 011 3797

Webchat

Pension reform

Short service refunds

Leaving a workplace pension scheme before you have been in it for 2 years may mean you have the option of a refund of your contributions. This leaves you with no pension for this period.

As of 1 October 2015, members of occupational defined contribution pension schemes will no longer be entitled to short-service refunds if they leave employment (or opt out) with less than two years qualifying service. 

The change only applies to individuals who became members of an occupational pension scheme on or after 1 October 2015, or who re-joined an arrangement having already taken a refund or transferred out.

Those with less than 30 days service will still be able to request a short service refund of just their contributions.

Members of defined benefit occupational pension schemes will remain entitled to a refund of contributions if they leave with less than two years' qualifying service, subject to scheme rules.

Frequently asked...

Where can I find out more?

If you need more information, please contact us. A pension specialist from our team will be happy to help with whatever pensions-related question you have. Our help is always free.

We never contact our customers out of the blue

We're all ears

How do you feel about the help you just received?

We would really appreciate a few minutes of your time.
Your feedback helps us create a better experience for you.

×
Your details Hi there, start a chat with online support now
These sessions are recorded for training and quality monitoring purposes. You will also have the opportunity to download a transcript of the the conversation for your records upon connection

Please do not refresh your browser during this chat session. This will cause your session to end.
    Click here to download the chat transcript
    Webchat
    Webchat is not working properly. Sorry for the inconvenience.