You can join straight away or wait to be automatically enrolled
Fill in the form with your personal details, how much you want to contribute and how you want to invest your account (there is a default option).
Return your signed and dated form to the IMI Pensions Administration Team.
When you join, you can choose how your pot of money (known as your account) is invested.
There are two options to choose from:
If you do not make a choice, your account will be invested in the RSP Lifestyle – Stay Invested Pathway, with a Target Retirement Age of 65.Read more about investment options
If you are over 22 years old and you earn more than £10,000 a year, unless you have already chosen to join, we will automatically enrol you into the RSP when you have been working for IMI for three months, as required by law.
If you do not want to build up benefits in the RSP, you can opt out at any time. The letter you receive confirming that you are a member will tell you what to do if you want to opt out.
You should think carefully before you opt out as it means you will miss out on contributions from IMI and tax benefits from the Government.
If you opt out within a month of joining, you will receive a refund of your contributions.
If you opt out after you have been a member for longer than a month, instead of receiving a refund of your contributions, you will become a deferred member of the RSP. This means that your account will carry on being invested until you retire or transfer your account to another registered pension scheme.