Help, please!!!

sybilfifi

I am trying to fill in my tax form- can some-one please tell me what is as2p- a second stae pension? and how do i know if i am contracted in or out to this? Thank-you very much. This is the first time i have had had to deal with such things- and its such a confused , difficult procedure- or maybe i am just thick. :eek:

lorweld

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jem16

sybilfifi wrote: »

I am trying to fill in my tax form- can some-one please tell me what is as2p- a second stae pension?

S2P is the second state pension.

http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/AdditionalStatePension/DG_4017827

The basic state pension is paid to everyone who has made the appropriate NI contributions.

and how do i know if i am contracted in or out to this? Thank-you very much.

Do you pay into a pension scheme?

Chocforever

You would have to do something to contract out, so if you don't know what it is, my guess is that you haven't contracted out.

I have contracted out and get an annual statement from HMRC setting out the amount of NIC refunded to my personal pension. I also get a statement from my pension provider confirming receipt of the NIC.

The pension providers have generally discouraged contracting out in the last few years (as some people would be worse off), so you probably would have received at least annual warning letters from your pension provider if you had contracted out.