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Expanation SERPS (Related Earnings)

Expanation SERPS (Related Earnings)

Old May 3rd 2010, 12:03 pm
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Default Expanation SERPS (Related Earnings)

I believe a lot of people like myself retired or due to retire ,
are confused as to how this would work if it was introduced ?
Can anyone shed any light on how this would work.
Kind Regards
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Old May 3rd 2010, 12:40 pm
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Default Re: Expanation SERPS (Related Earnings)

Isn't SERPS just an acronym for State Earnings Related Pension Scheme ?

I'm pretty sure it is, as I, along with other's, opted out of SERP'S, during the early '90's.

Not sure what the question is ? Is it, you have opted out also, and would like to know how to claim the pension ? Have you moved your pension back into SERPS ?

If so, then you would just claim it, as per normal. Not sure how to go about that, as I'm not at, or approaching retirement, but I'm sure some one nearer, or at reitirement can help .

Last edited by savateur; May 3rd 2010 at 12:44 pm.
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Old May 3rd 2010, 1:34 pm
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Default Re: Expanation SERPS (Related Earnings)

Hi BigD,

It's Sally here from the British Embassy in Madrid. Though I can't say I know a lot about SERPS, the best people to explain it to you would probably be the International Pension Centre in Newcastle. Their number is 0044 191 218 7777. They also have some information on their website:

http://www.direct.gov.uk/en/Pensions...ning/index.htm

I hope you find everything you need.

All the best,

Sally
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Old May 3rd 2010, 1:46 pm
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Default Re: Expanation SERPS (Related Earnings)

Serps is added to your state pension. Go to the link below for information. If you are retiring in the near future you should have received a forecast already.

http://www.direct.gov.uk/.../Pension...g/StatePension
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