Contracted out/in: Difference between revisions
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imported>Doug Williamson (Shorten cross referencing, following the ending of contracting in/out.) |
imported>Doug Williamson (Specify UK context.) |
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''Pensions.'' | ''Pensions - UK.'' | ||
The terms 'contracted out' and 'contracted in' were applied to Occupational pension schemes | 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. | A UK pension scheme was 'contracted out' where it provided benefits in place of S2P and 'contracted in' where it provided benefits in addition. | ||
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== 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:Manage_risks]] | [[Category:Manage_risks]] | ||
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.
