You can choose to opt out of the Plan. This would mean you stop saving money into it and Royal Mail stop putting money in too. So you’ll lose out on extra money that could have been yours.
If you decide to opt out, you usually have the right to rejoin. And if you’re still working at Royal Mail after 3 years, the law says they have to make you a member of the Plan again. You can then opt out again, if you want to.
To opt out, call Scottish Widows on 0800 092 8263
They’ll help you opt out over the phone. It usually takes about ten minutes.
Calls from UK landlines are free. Charges from mobile phones may vary.