On 1 October 2012 the rules for stakeholder pensions changed. Your employer doesn’t have to offer you access to a stakeholder pension scheme if you are starting a new job now or returning to one.
However, if you’re in a stakeholder pension scheme that was arranged by your employer before 1 October 2012, they must continue to take and pay contributions from your wages.
This arrangement is in place until:
- you ask them to stop
- you stop paying contributions at regular intervals
- you leave your job
If you leave your job or change to another personal pension, the money they have paid in stays in your pension pot unless you have it transferred to a different pension provider.