Countdown to end of Contracting-out

07 March 2014

HMRC has published the first in a series of bulletins to keep you updated about activities linked to the ending of contracting-out as a result of the introduction of Single-tier Pensions in April 2016.

HMRC are still finalising their working assumptions and will use this series of bulletins to build up a comprehensive picture of how the changes will be implemented as the proposals on how to bring an end to contracting-out develop.

The following will be covered in this edition:

  • Background to the ending of contracting-out including an activity timeline
  • The Scheme Reconciliation Service
  • Scheme Contracted Out Number (SCON) Mandation
  • Apparent Un-notified Terminations (AUTs).

Countdown Bulletin - Issue 1