Contracting out

When you opt to leave the State Second Pension (S2P) or State Earnings Related Pension Scheme (SERPS), this is known as contracting out. You’ll receive a rebate on your National Insurance contributions, which can be invested in a pension fund. This only applies to people who are members of occupational schemes, however you may still have ‘Contracted Out’ benefits from the past.

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Pension Myth 4 Property is Better sm

Pension Myth #4 Property is Better

Many regard investing in property as a one-way street. Rents go up and house prices rise even faster. A buy-to-let property can be a great investment, but there really are no guarantees....read more from our Pension Myths Explained.

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