Opt-out and opt-in
By participating in Salary Exchange, you are agreeing to stay in the scheme until at least 31 March of the calendar year following that in which you join - i.e. if you join in July 2009 then you agree to participate until at least March 2010; if you join in February 2010 then you agree to participate until at least March 2011. Each March, depending upon when you joined the scheme, you will be able to opt out with effect from 1 April if you no longer wish to participate. If this is the case, please complete and return to the Payroll Team an opt-out form before 31st March.
If you decide to opt out of Salary Exchange, you will have the opportunity to elect to participate again with effect from 1 April of any subsequent year. Please use the opt-in form to let us know your intentions.
An exception to these rules will be made if you experience a qualifying 'life change event'. These include:
- Commencing, or returning from, maternity leave, long-term parental leave, paternity leave or adoption leave;
- Termination of your or your partner's employment;
- Significant change of your or your partner's employment or hours of work;
- Relocation - of either your home or your office;
- Death of a close family member or dependant;
- Marriage, divorce or legal separation;
- Commencing, or returning from, long term sickness, or starting receipt of long-term disability benefit.
In these cases, and subject to the agreement of the University, you may opt in or out of Salary Exchange at a time other than the usual 1 April date. Should you wish to do so, please complete either an opt-in or opt-out form as appropriate and return it at once to the Payroll Team.
- Salary Exchange Opt-Out Form
(82kb) use this form only to opt out of Salary Exchange. - Salary Exchange Opt-in Form (66kb) use this form only if you opted out but now wish to
join.
If you are a new starter then you do not need to complete the opt-in form in order to participate in Salary Exchange: you will be enrolled automatically on or around three months after your date of joining. If, as a new starter, you decide to opt-out, then you must complete and return your opt-out form no later than two months after the date you join the University otherwise you will be enrolled automatically into Salary Exchange.