If, having joined nuvos, you wish to ‘opt out’, you can do so at the next available pay period.
We advise you to think very carefully about what you are giving up. Before you make a decision, please look at our ‘Opting out’ fact sheet found here: https://www.civilservicepensionscheme.org.uk/members/member-forms/
You may also wish to consult an Independent Financial Adviser (IFA).
If you decide to opt out you can download the latest version of the Opt-Out here: https://www.civilservicepensionscheme.org.uk/members/member-forms/ or you can ask the Scheme Administrator (MyCSP) for a copy. You should send the completed Opt Out form to your employer.
Please note: The Pensions Act 2011 requires all employers to automatically re-enrol most workers who are not in a qualifying pension scheme periodically (usually every three years), from the employer’s automatic enrolment staging date. The Civil Service applies this to all workers who are not currently in a qualifying pension scheme. Your employer will be able to tell you when this is.