SERPS Pensions

The situation with SERPS is a bit confusing right now. The State Earnings Related Pension Scheme (SERPS) ran between 1978 and 2002.

Anyone employed, and making National Insurance Contributions during that time, had a SERPS entitlement. The pension scheme was designed to "top" up your basic State Pension entitlement.

But some people chose to opt out of this scheme (called "contracting out"). Choosing instead to redirect some of these payments into their personal pension.

If you want to find out more about SERPS, read our useful blog 'What is SERPS?'

How much is your SERPS pension worth?

How much your SERPS is worth is dependent on how much you were making at the time. And if you chose to opt out.

If you opted out during or after April 1997, you'll have no SERPS entitlement after that point. And if you contracted out before April 1997, your entitlement will be reduced.

The good news is; we can sort the whole thing out for you. If you give us a call, we can track down and find out exactly what your entitlement is in a no obligation review.

We can then tell you your options with SERPS because you may find that you want to switch your SERPS pension.

At the height of SERPS opt out, there were over 100 pension companies. Since then many have merged or been taken over.

We're not pushy and our no obligation review will help you to determine whether it's worth switching your SERPS pension at all. We just tell you your options. Because we're completely impartial, we can check all the deals available in the market. Not just move you from one fund to another under the same provider.