2007-10-26 04:21:21 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
If it's a Final Salary scheme, DON'T DO IT .. they may never let you back in again ... and since most Companies also contribute to your Pension (many 'match' your contributions) stopping your contributions should really be a 'last resort' ..
If you are really short of cash, cut done somewhere else == stop smoking, stop drinking, stop buying take-aways, stop buying anything you don't need .. stop buying any new rubbish and start selling all your old rubbish on eBay instead
If you have really bad debts & no hope of meeting the payments, consider an IVA or even going bankrupt ( http://www.insolvency.gov.uk/bankruptcy/alternativestobankruptcy.htm ) before canceling your Pension contributions ... (I believe even a Bankrupt is allowed to make pension contributions before their pay is siezed)
2007-10-26 05:42:34 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
1 month in writing xx
2007-10-26 04:24:19 · answer #2 · answered by starlet108 7 · 0⤊ 0⤋
They all have their own rules. Check your documentation for notice
2007-10-26 15:54:34 · answer #3 · answered by stormydays 5 · 0⤊ 0⤋