What happens if I join my employer's plan?
If you join your employer's own plan, you can:
- Contribute to both your plan and your employer's plan at the same time, so long as you don't exceed the Annual Allowance.
- Stop making contributions into your plan and leave it invested.
- Transfer the value of your plan into your employer's plan - provided it is able to accept transfer payments. Transfers are complicated, so if you're thinking of doing this you must talk to a financial adviser to make sure it's in your best interests.