Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Contracting-out definition

What does Contracting-out mean? In pensions practice, contracting-out described the statutory option for an employee and their pension scheme to replace entitlement to the additional State Pension (SERPS/S2P) with scheme benefits, in return for reduced national insurance contributions and/or a National Insurance rebate paid to the scheme. Defined in UK social security and pensions legislation (notably the Pension Schemes Act 1993 and successors), it operated through: - salary-related (defined benefit) schemes that met the reference scheme test (and, for service to 5 April 1997, accrued guaranteed minimum pensions); and - money purchase (defined contribution) arrangements, including contracted-out money purchase schemes and appropriate personal pensions. Schemes did...

Requirements and procedures for salary-related (DB) contracting-out certificates before 6 April 2016: individual and holding company routes, notices, consultation, Form APSS 101 and timing

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Practice notes

THIS PRACTICE NOTE APPLIES TO SCHEMES THAT WERE Contracted-out salary-related (COSR) SCHEMES BEFORE 6 APRIL 2016

This Practice Note sets out the conditions an employer wishing to contract-out on a salary-related basis (also referred to as DB Contracting-out) had to meet to secure a Contracting-out certificate before DB contracting-out was abolished on 6 April 2016. It sets out the compliance Requirements employers had to follow to obtain that certificate. It applies to schemes that were contracted-out salary-related (COSR) schemes prior to that date. For further detail on the abolition of DB contracting-out, see Practice Note: Abolition of DB contracting-out—an introduction [Archived].

Types of contracting-out certificates

Most contracting-out certificates were granted in respect of a single employer (individual contracting-out certificates).
However, where the scheme was a multi-employer scheme, a contracting-out certificate could, in certain circumstances, be issued so that it covered more than one employer. These were termed 'holding company contracting-out certificates', and could be issued even if the holding company itself was not contracted-out...

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Web page updated on 21/05/2026

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