Contracted-Out Salary Related Rebates
On 5 April 2016 all contracting-out certificates held by defined benefit schemes were cancelled automatically.
| Year Range | 2001/02 | 2002/07 | 2007/12 | 2012/16 |
| Employer | 3.0% | 3.5% | 3.7% | 3.4% |
| Employee | 1.6% | 1.6% | 1.6% | 1.4% |
Disclaimer
The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.
All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.