Contracting Out/State Second Pension
Contracting Out of the State Second Pension
Many people opt out of the State Scheme, and if you do some of your National Insurance contributions will be diverted to the Pension provider of your choosing.
The idea is that you gain more control over the investment and aim to have a bigger pension value than relying on your State entitlement.
There are different times when you should be in or out of this scheme, your age is important. Ask us for details on when you should be in or out of the State scheme.
