Contracted out/in: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Charles Cresswell No edit summary |
imported>Doug Williamson (Layout.) |
||
(4 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
''Pensions.'' | ''Pensions - UK.'' | ||
The terms 'contracted out' and 'contracted in' | |||
The terms 'contracted out' and 'contracted in' were applied to UK Occupational pension schemes in relation to the State Second Pension (S2P). | |||
A UK pension scheme was 'contracted out' where it provided benefits in place of S2P and 'contracted in' where it provided benefits in addition. | |||
With effect from 2016, contracting in/out ended with the introduction of the UK State Pension. | |||
== See also == | == See also == | ||
* [[GMP equalisation]] | |||
* [[Lower earnings limit]] | * [[Lower earnings limit]] | ||
* [[Occupational pension scheme]] | * [[Occupational pension scheme]] | ||
* [[State Pension]] | |||
* [[State Second Pension]] | * [[State Second Pension]] | ||
* [[Upper earnings limit]] | * [[Upper earnings limit]] | ||
[[Category: | [[Category:Manage_risks]] |
Latest revision as of 10:36, 4 March 2019
Pensions - UK.
The terms 'contracted out' and 'contracted in' were applied to UK Occupational pension schemes in relation to the State Second Pension (S2P).
A UK pension scheme was 'contracted out' where it provided benefits in place of S2P and 'contracted in' where it provided benefits in addition.
With effect from 2016, contracting in/out ended with the introduction of the UK State Pension.