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Where Taxpayers and Advisers Meet

Can I contract out?

Adam
Posts: 19
Joined: Wed Aug 06, 2008 3:06 pm

Postby Adam » Sat Dec 20, 2003 11:39 am

Hi,

I am currently an employee working in the UK (I will be unlikely to work here more than 10 years) and there is no way I am ever going to retire here as I am from New Zealand. I am not interested in a UK pension as NZ currently pays a pension regardless at retirement age if you live there.

Ideally I would like to opt out of a UK pension all together and pay less NI but I don't think you can do that here. Can I opt out of the state pension scheme (SERPS?) I am charged for in NI and instead pay into an approved bare minimal private scheme? In order to end up with a larger pay packet at the end of the day due to the reduced NI charge?

Thanks

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