Serps

Shaunyg

If anyone can help it will be appreciated. I opted out of SERPS in the late eighties, and now have no idea whats happened to it. Can't remember the name of the pensions company, but I don't think they exist anymore. Moved house a few times since, and can't find any paperwork. Any advice ?
Thanks

MattS

(copied from the other thread - please note, I'm not an IFA)

Opting out of SERPS means that you were liable to pay less NI each year, but as a result you won't get an extra earnings related pension added to your state pension when you retire. It doesn't have to be part of a pension scheme, but often is (with the reduction in NI being used to help fund the pension).

If you think that you have a pension but don't have any details on who it's with, you can try to use the Pension Tracing Service: (apparently I can't post links, but google Pension Tracing Service.)

The only other option would be to call around the insurers and pensions companies and ask if they have any benefits in your name, but that's not all that likely to succeed.

One thing to bear in mind is that pension schemes often run traces for members with no address. As long as you've not changed your name, there's a good chance that they'll find you when you get nearer to the point that you should be taking your pension.