Automatic Enrolment Retirement Savings System Act 2024
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Right to opt-out | ||
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54. (1) Where a participant makes an application to the Authority under this section in an opt out window, the Authority shall assign a date as the participant’s opt-out date. | ||
(2) Each of the following is an “opt-out window”: | ||
(a) the period which is more than 6 months but not more than 8 months after the date on which notice of enrolment is given to the participant under section 50 (7); | ||
(b) the period which is more than 6 months but not more than 8 months after the date on which notice of re-enrolment is given to the participant under section 55 (3); | ||
(c) the period which is more than 6 months but not more than 8 months after the end of years 1 to 3; | ||
(d) the period which is more than 6 months but not more than 8 months after the end of years 4 to 6; | ||
(e) the period which is more than 6 months but not more than 8 months after the end of years 7 to 9. | ||
(3) In this Part— | ||
(a) “opt-out date”, in relation to a person, means a date assigned under subsection (1) as the person’s opt-out date, and | ||
(b) a participant is treated as having opted out for the period beginning with the opt out date and ending with any subsequent re-enrolment date. |