Knowledge Base > Abolishment of Contracted out Pensions

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Abolishment of Contracted Out Pensions

Contracted out pensions are being removed at the start of the 2016/17 tax year.

Any employees who are currently running a scheme of this type will have changes made to their payroll information.



The abolishment of these pensions means that the NI code letters D, E, I, K and L will be removed. The employees on these NI codes will move to an NI code of A. During the QTAC year end migration the software will change any NI codes that you have that are going to be abolished to the relevant NI code for that employee. You should check these once the migration has finished, making sure that the NI codes are correct.


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