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What happens if an employee leaves the company?

Laura avatar
Written by Laura
Updated yesterday

If an employee leaves, you should:

  • Stop contributions from their final payroll

  • Mark them as a leaver on the platform (go to Penfold Platform, click on 'Employees' and click on three dots next to the employee's name)

The employee keeps their Penfold pension - it’s theirs for life. They can continue managing it independently or transfer it to a new provider if they wish.

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