Why may an individual not want to join a scheme?
There are a number of reasons:
The options available on leaving the scheme depend on how long they are a member. The earliest age a member can access benefits is 55.
The member may prefer to set up their own arrangement with a wider range of funds e.g. a Personal Pension Plan.
Low paid workers and younger people often join, opt out and join again later when they have more money.
NB: A point for a person to consider is that they may not be entitled to any life cover if they don’t join the pension scheme when they become eligible.
