Can I re-join a Pension scheme if I have opted out? Yes, but exactly when you can re-join depends on your employer.
How long does opting out of a Pension last for? An opt-out from the pension scheme normally lasts for three years.
Can I opt out from Pension contributions? Yes. If you are auto-enrolled into your umbrella employer’s workplace pension scheme, you can opt out at any time.
How are Pension contributions calculated? Pension contributions can be calculated in different ways, but there are minimum total contributions levels that must be paid under automatic enrolment.
Who is an Eligible Job Holder? An eligible job holder is anyone over 22 – but under state pension age – who earns over the annual pension earnings trigger in the UK.
I have been told I must join my Umbrella Employer pension scheme. Is it compulsory? Auto-enrolment into a workplace pension scheme is required by law, but you can opt out any time you want.
Does my Umbrella Employer have to provide a workplace pension scheme? Yes. All employers have to provide a workplace pension scheme for eligible employees.
Do I need my own Insurance? No. Generally your umbrella provider will set up professional liability, employer’s liability and public liability cover on your behalf.
What is my notice period? A notice period is the amount of time an employee has to continue working after handing in their letter of resignation.
What is my Holiday Entitlement? You are entitled to 5.6 weeks paid holiday a year. This is your statutory leave entitlement. Sometimes bank holidays are included as part of your statutory annual leave. However, as a result of the Queen’s Diamond Jubilee bank holiday in June 2022, you are entitled to an additional day’s holiday- therefore, for the 2022/23 holiday year only you are entitled to take 29 working days ( or 5.8 weeks paid holiday).