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Ethod of revaluation does the scheme intend to use for any Guaranteed Minimum Pension (GMP) rights held in the scheme? E Fixed rate revaluation Are you a subsidiary of a company which is, or ever has been, contracted-out? Section 148 revaluation No 15 12 Yes If Yes, give details of the holding company Employer details Name Name of the company Address Address Postcode Postcode Country Country ECON if known Company Registration Number if appropriate E Page 3 Part 2 Occupatio.

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If you have any payslips with the category letters D, E, L, N or O, then you were contracted out. You can also ask: your employers. your pension providers.

ECON stands for Employer's Contracting-Out Number. SCON stands for Scheme Contracted-out Number. They are optional 9 character reference numbers. You will have an ECON if the employer has an occupational pension scheme that is contracted out of the State Second Pension.

‍ By contracting out pension, both you and your employer will pay lower, reduced-rate National Insurance contributions. When you retire, your second pension will come from your employer's scheme and not from the additional state pension.

What is contracting out? Contracting out was a method of building up private pension provision by giving up entitlement to the additional pension element of the State Pension (State Second Pension or its predecessor SERPS) for particular tax years.

What is contracting out. If you were contracted out of the Additional State Pension (also known as State Second Pension or 'SERPs') your National Insurance contributions were either: lower than people paying into the Additional State Pension. paid into another pension, for example a private pension.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232