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Can I continue to contract out of S2P using the Barclays Stockbrokers SIPP?


No, we can only accept a transfer of existing Protected Rights funds - the Barclays Stockbrokers SIPP cannot accept "minimum contributions" from HM Revenue & Customs (HMRC) to enable you to contract out of the State Second Pension (S2P) on an ongoing basis.

By transferring your contracted-out (Protected Rights) funds into a SIPP, you will automatically be contracted back in to S2P (as the pension plan through which you were contracted out no longer exists).


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