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Personal pensions and the review of the contracting-out terms

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Author Info
Richard Disney () (Institute for Fiscal Studies and University of Nottingham)
Edward Whitehouse

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Abstract

From April 1988, individuals were offered a new pensions option by the Government: the possibility of 'contracting out' of the State Earnings-Related Pension Scheme (SERPS) into an Approved Personal Pension. In a personal pension scheme, an individual accumulates his or her pension contributions in a fund, the proceeds of which are used to buy an annuity from an insurance company on retirement. Two main objectives lay behind this reform:..

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Publisher Info
Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.

Volume (Year): 13 (1992)
Issue (Month): 1 (February)
Pages: 38-53
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Handle: RePEc:ifs:fistud:v:13:y:1992:i:1:p:38-53

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Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE
Phone: (+44) 020 7291 4800
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Web page: http://www.ifs.org.uk

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Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE
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  1. Whitehouse, Edward, 1998. "Pension Reform in Britain," MPRA Paper 14175, University Library of Munich, Germany. [Downloadable!]
  2. Dilnot, Andrew & Disney, Richard & Johnson, Paul & Whitehouse, Edward, 1994. "Pensions policy in the UK: An economic analysis," MPRA Paper 10478, University Library of Munich, Germany. [Downloadable!]
  3. Richard Disney & Carl Emmerson & Matthew Wakefield, 2007. "Pension Provision and Retirement Saving: Lessons from the United Kingdom," Social and Economic Dimensions of an Aging Population Research Papers 176, McMaster University. [Downloadable!]
    Other versions:
  4. Whitehouse, Edward, 2001. "Pension systems in 15 countries compared: the value of entitlements," MPRA Paper 14751, University Library of Munich, Germany. [Downloadable!]
  5. Whitehouse, Edward, 1999. "The tax treatment of funded pensions," MPRA Paper 14173, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-11-22.


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