Contracting out through defined contribution schemes (i.e. money
purchase, personal pension and stakeholder arrangements) was
abolished from 6 April 2012. Anyone contracted out of a defined
contribution scheme at that time will automatically be contracted
back into the State Second Pension.
Click below to read the factsheets on contracting out as
produced by the Department for Work and Pensions and HM Revenue
& Customs, and to access the relevant area of Business
Link.
Employees' factsheet:
DWP Employees' Factsheet
Trustees:
DWP Trustees' Factsheet
Employers:
DWP Employers' Factsheet
Business link also has information that may be helpful to
employers:
Business Link Overview
