(SERPS) in April 2002, the portion of your National Insurance contributions that would have gone into this scheme is, instead, directed into either your company scheme or your personal pension.
SERPS
SERPS
State Earnings-Related Pension Scheme.
The Government introduced SERPS in 1978 as an earnings-related top-up to the basic state pension. It was replaced with the State Second Pension in April 2002.
State earnings related pension scheme (SERPS)
The state earnings related pension scheme ran from 6 April 1978 to 5 April 2002 and has now been replaced by the State Second Pension.
State second pension (S2P) ...
In April 2002, the UK State Second Pension replaced the State Earnings Related Pension Scheme (SERPS) to pay a top-up pension based on emplo...(Read more)
Statement
See statement of account and bank statement....(Read more) ...
 See also: Values, Organisation, Unit trust, Rebate, Offer price
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