15 March 2010
According to a Department for Work and Pensions (DWP) news item,
the Government has confirmed that the option to contract out of the
additional State Pension (i.e. the State Second Pension) will be
abolished from 6 April 2012.
Individuals who are still actively contracted out by way of a
Defined Contribution pension scheme, such as a defined contribution
occupational pension scheme or personal pension/stakeholder pension
scheme will be automatically brought back into the additional State
Pension from this date.
Click here to read the DWP's factsheet on the
abolision of contracting out.
