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Enhanced Opt Out

Get to know more about our Enhanced Opt Out option

What is Enhanced Opt Out?

With Enhanced Opt Out (EOO), you stop building up retirement benefits, but keep your life and ill health cover. This could be useful if for example you're close to or over the Lifetime Allowance (LTA). Take a look at what happens when you die and ill health retirement for more information.

If you choose Enhanced Opt Out, you’ll pay 2.5% (rather than 9.6%) of your salary.

Things to keep in mind

There are a few things you should consider before you choose EOO:

  • You must keep it for least a year
  • You can only choose it once – if you cancel, we can never reinstate it
  • You won’t be able to take flexible retirement
  • You may still lose any LTA protection you have if you retire because of ill health
  • You won't receive any further late retirement increases if you retire after the Normal Pension Age (NPA).

You should also bear in mind that ill health cover only provides extra benefits if you retire before age 65 (or once you've earned 40 years' pensionable service). If you've chosen EOO, you'll still get life cover up to when you die, but you won't get any extra ill health cover benefits.

Is EOO right for you?

Whether EOO is right for you will depend on your personal circumstances. Neither we nor your employer can provide you with financial advice. You should think about your options carefully before making any financial decisions. If you’re not sure what’s best for you, please speak to a financial adviser. You can find one using They may charge for advice.

Applying for EOO

Complete the Election for Enhanced Opt Out form. This goes to your employer, who lets us know you want EOO.

EOO must start on the first of the month, but you’ll need to give us at least 28 days’ notice.

Got a question?

Document download

  • Election for Enhanced Opt Out form pdf (155kb)

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