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Saving for retirementHow the MMT worksCostJoiningTransferring in

Starting out

You can join straight away or wait to be automatically enrolled

How to join

  1. Download a ‘contribution commencement form’. This was included in your Offer of Employment pack.

  2. 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).

  3. Return your signed and dated form to the the administrator.

Contribution commencement form

Investment options

When you join, you can choose how your pot of money (known as your account) is invested.

There are two options to choose from:


Lifestyle approaches aim to grow your account until you are around 15 years from retirement and then gradually moves your account into investments designed to protect its value as you get closer to retirement.

Self-Select funds

Self-Select Funds give you the freedom to choose from a range of investment types, and when to switch between them.

If you do not make a choice, your account will be invested in Lifestyle funds, with a Target Retirement Age of 65.

Read more about investment options

Auto enrolment

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 MMT when you have been working for IMI for three months, as required by law.

What if I do not want to be a member?

If you do not want to build up benefits in the MMT, 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 MMT. This means that your account will carry on being invested until you retire or transfer your account to another registered pension scheme.

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