Guidance on the ending of contracting out
18 November 2014
From 6 April 2016, when the new State Pension is introduced, contracting-out of the additional State Pension will end. Guidance issued jointly by the Department for Work and Pensions (DWP) and HM Revenue & Customs (HMRC) explains the impact of this change for employers, employees and trustees.
The new guidance comprises separate factsheets and overview documents intended for:
· the 2,500 private sector employers who offer an open contracted-out salary related pension scheme
· employees of these employers
· trustees with open, contracted-out defined benefit pension schemes.