Contracting Out Changes

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23.03.16
There are planned changes to the State Pension that take effect from 6 April 2016, which mean that defined benefit schemes will no longer be able to contract-out of the State Second Pension (SSP).

These changes mean that all employer and employee National Insurance Contributions will be payable at their standard rate from 6 April 2016.

We are currently updating our online guidance for members and employers and that will be live on our website, in both our literature (Within your scheme's Resource Library) and our Ask A Question guidance, when the changes come into effect in April.

You can find out more on the changes and how they'll affect your employees here.
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