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SERPS
Tim71
Posts: 6 Forumite
Hi, I know I opted out of serps around 25-30 years ago I have all the details etc of the company. I have seen many adverts regarding miss-information regarding opting out and companies offering to check on this however with all the warnings of pensions being stolen who can I trust to safely check if I was miss-sold???
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Comments
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who can I trust to safely check if I was miss-sold???
https://webarchive.nationalarchives.gov.uk/20100202114201/http://www.moneymadeclear.fsa.gov.uk/pdfs/s2p_wrongly_advised_ink.pdf
Page 4 has a flow chart. Effectively, if you were under the age of 45 (men) or 40 (women) then its almost certain that it was a good decision.
Since the new state pension and the changes in 2006 to allow tax free cash from your contracted out pension, most people who contracted out via a personal pension are better off.
if in doubt, contact a local IFA to you.
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Many thanks SonOf, this has made it alot clearer.0
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