Automatic Enrolment Retirement Savings System Act 2024
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Chapter 3 Contributions | ||
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Contributing participants | ||
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57. (1) For the purposes of this Act, subject to subsections (2) and (3), a participant who is under pensionable age is a contributing participant. | ||
(2) A participant who has opted out— | ||
(a) ceases to be a contributing participant on the opt-out date, and | ||
(b) if assigned a re-enrolment date, becomes a contributing participant again on that date. | ||
(3) A participant who suspends contributions under section 62 ceases to be a contributing participant for the period of suspension. |