To those who have opted out, or are considering doing so, be aware that there is talk of Final Salary pension Schemes being closed to new entrants within 6 years (could be sooner). Apparently, some teachers have been opting out early in their careers for two reasons : 1) to save money when on their lowest pay points; 2) to reduce the impact of the proposed Career Average calculation for pensions. They want promotion and intend to Opt back In when on higher salaries, so that their career average pay will be a higher figure for pension calculation (albeit with fewer years in the pension!). Don't miss the boat by staying out of the pension too long (or stay in it at all costs). This government could easily decide to close the scheme to new entrants without much notice.