Changing Employment

What happens to your pension if you leave Trafalgar?

If you leave Trafalgar, contributions to the pension scheme via payroll will cease. Your SIPP belongs to you and therefore it will simply go with you and you my continue to use it as your own individual policy.

You will still have access to your online account, so that you can continue to monitor your pension, deal with us for help & support, and keep us updated of any changes to your personal information.

Can you continue to pay contributions?

Yes, your account will operate as a normal indivdual SIPP and you may continue to contribute, transfer other plans into this one and draw your benefits in future.

You will need to provide anti-money laundering evidence (e.g. driving licence and utility bill) before starting to contribute to the plan from your own bank account.

What if you re-join Trafalgar?

If you re-join Trafalgar, you will be treated as a new employee for auto-enrolment purposes. You will be assessed immediately and enrolled into the scheme if you meet the eligibility criteria at that time.  Contributions will be deducted via payroll as before, and will be paid into the same account. You can choose to join the scheme voluntarily if you are assessed and not enrolled.

Can you transfer your fund to another pension scheme?

Yes, you can transfer to another HMRC authorised pension scheme, currently without cost. You should contact Digi in the first instance, at gsipp@digitalwealthsystems.co.uk.