HMRC abandons contracted-out statements
13th November 2017
HMRC has abandoned its plan to send out letters from December 2018, which were intended to update savers on the status of their contracted-out state pension.
The revenue previously intended to write to individuals who had been contracted-out of their state pension between 1978 and 1997.
Data on the contracting-out record determines savers' final state pension entitlement under the old two-tier system, which was replaced by the flat-rate system in April 2016.
HMRC said these details are available in its Check your State Pension service, which includes a full history of all national insurance contributions for each financial year.
In its latest countdown bulletin, HMRC said:
"This change is being made because there have been developments in the provision of pension scheme information since we first started the changes to end contracting-out."
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