S2P (State Second Pension) contracting out to a SIPP

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Gonzo replied

20 February 2012, 04:58
It's a moot point, it won't be possible for most people to contract out of S2P after the 6th April this year.
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richy replied

19 February 2012, 23:20
Many thanks Alan.
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Nixon Williams replied

19 February 2012, 13:32
By paying a salary of £7,000 neither your company nor you will be paying National Insurance, so you would not benefit from opting out of the S2P (State 2nd Pension) as you are not 'contributing' to a S2P

By all means chat with your pension advisor.

Alan
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richy started a topic S2P (State Second Pension) contracting out to a SIPP

19 February 2012, 11:22
S2P (State Second Pension) contracting out to a SIPP

Hi There

My salary from Ltd co is the 7k amount per annum. Just read there is possibility to contract out from S2P. Anyone know if that's something worth considering? I wondered if I would need to have a different setup to make it possible..

Thanks, Rich
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