IDEAS home Printed from https://ideas.repec.org/a/bla/ecaffa/v34y2014i2p139-153.html
   My bibliography  Save this article

Privatising Pensions in the UK: How to Restore Contracting Out

Author

Listed:
  • Philip Booth
  • Kristian Niemietz

Abstract

For much of the post-war period in the UK, individuals were allowed to use private pension provision to replace part of their state pension. This system was supported by all political parties but it has been eroded since the 1990s. The opportunity to ‘contract out’ of the state pension is finally being abolished by the current Conservative/Liberal Democrat coalition government. This paper proposes a new method of allowing people to contract out of the state pension system, calculates appropriate rebates of social security taxes and discusses the potential risks of adopting the proposals.

Suggested Citation

  • Philip Booth & Kristian Niemietz, 2014. "Privatising Pensions in the UK: How to Restore Contracting Out," Economic Affairs, Wiley Blackwell, vol. 34(2), pages 139-153, June.
  • Handle: RePEc:bla:ecaffa:v:34:y:2014:i:2:p:139-153
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/ecaf.12065
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nick Silver & Saurabh Pant, 2012. "Regulation without Reason: The Deleterious Effects of Government Regulation on Private Pension Provision," Economic Affairs, Wiley Blackwell, vol. 32(3), pages 50-57, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecaffa:v:34:y:2014:i:2:p:139-153. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0265-0665 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.