Yes, you can cancel your EOO election. However, if you cancel within 12 months of making an election this will invalidate your EOO, you will need to be reinstated as a full member (including back payment of your contributions) with effect from the original election date. You may need to consider the tax implications of this decision and may want to take independent financial advice. Once you’ve cancelled EOO after 12 months, we can’t reinstate it under the current rules. Please contact your employer if you wish to revoke your election. You may want to speak to an independent financial adviser before making a decision in relation to your EOO including in relation to any tax implications.