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Can I continue to contract out of S2P after taking an annuity and tax free cash

newtronsols · 2008-02-27 21:47:09

I have taken a cash payment and annuity early. So now what happens to future NI rebates. Can I continue to contract out of S2P. I have signed to say I won't pay the tax free cash into another pension. So I need to start another pension but only with my S2P rebates. I was also told that as I was a company director I…

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EdInvestor Posts: 15,749 Forumite

8 March 2008 at 3:18PM

Are you saying they refuse to start a new rebate pension for you because you are over the age deemed advisable to contract out?

If so, you'll have to go through an IFA if you can find one. Or wait until October and start a SIPP.

Trying to keep it simple...
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Can I continue to contract out of S2P after taking an annuity and tax free cash

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