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A question re SERPS and the govs new plans
Bilk2004
Posts: 8 Forumite
Hi.
I have read the stick thread but to be honest it just made me more confused. I am 45 and opted out of SERPS 16 years ago when I started with my current employer (their advice). Every year when I get my statement I think should I opt back in? However after the announcement of the Governmanets new plans am I ok to just leave it and the new plans will make everything alright or do I still need to opt back in?
Again sorry if this repeats the sticky thread but 31 pages has just lost me.
Any thoughts are appreciated
Thanks
Bilk
I have read the stick thread but to be honest it just made me more confused. I am 45 and opted out of SERPS 16 years ago when I started with my current employer (their advice). Every year when I get my statement I think should I opt back in? However after the announcement of the Governmanets new plans am I ok to just leave it and the new plans will make everything alright or do I still need to opt back in?
Again sorry if this repeats the sticky thread but 31 pages has just lost me.
Any thoughts are appreciated
Thanks
Bilk
0
Comments
-
Every year when I get my statement I think should I opt back in?
Unless you are on a final salary pension, you are already contracted back in Since April 2012 when it was abolished for all but final salary pension schemes.
If you are on a final salary scheme you have no option but to be contracted out. That will also change from 2017.0
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