Donate SIGN UP

Second State Pension.

Avatar Image
kloofnek | 17:54 Wed 23rd Sep 2009 | Personal Finance
3 Answers
My son was paying into an occupational pension.He left their employ but returned after a month.
Since then he has not been paying into it.
However, he receives every year an update from Scottish Equitable on his "Group Personal Pension Plan" with the Scheme Name being his Employers Name.

He has not paid anything into this since his return to their employ. yet is receiving this notification every year.
Does this mean he was contracted out?

Can anyone please explain this to me.
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by kloofnek. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Doesn't it simply means he was a 'live' member and now he is someone with accrued benfit rights so he gets a periodic statement. I don't see the connection to being 'contracted out'
I think it does mean just that.
He is currently not contracted out.
Hi kloofnek- when you say 'contracted out' do you mean 'contacted out of the second pension'?

1 to 3 of 3rss feed

Do you know the answer?

Second State Pension.

Answer Question >>