How Do I Know If I Have Opted out of Serps?


If you opt out of SERPS (State Earnings Related Pensions Scheme), you should pay lower contributions for National Insurance. This means that, a rebate goes into a personal pension for rebate only. This will in turn translate to a bigger income pension when you retire.
1 Additional Answer
It is the state earnings related pension scheme. Anyone with a good company scheme where the employer stops making contributions if you opt out. And the APP is a private pension which comes with charges.
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