Cullen FP

Abolition of contracting out on a defined contribution basis

Do these changes affect you and your pension savings arrangements? From the 6th April 2012 individuals will no longer be able to contract out of the additional State Pension (also known as the State Second Pension) on a defined contribution (money purchase) basis. Instead individuals will automatically be brought back into the additional State Pension and begin to build up entitlements from this time.
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