S2P


S2P
(S2P)
A top up state pension that replaced the state earnings-related pension scheme (SERPS) from 6 April 2002. S2P is an additional state pension based on an employee's national insurance contributions (NICs) and earnings. S2P is more generous for low and moderate earners than SERPS, and covers certain carers and people with long-term illness or disability.
Related links
S2P
National Insurance Contributions Office (NICO) website
National Insurance Services to Pensions Industry website (NISPI)
stakeholder pensions

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • S2P — [S2P] (in full State Second Pension) (in Britain) an extra state pension which people receive in addition to the basic state pension. It is based on their average earnings while they were working. Many people are contracted out of the S2P scheme… …   Useful english dictionary

  • S2P — (in full State Second Pension) (in Britain) an extra state pension which people receive in addition to the basic state pension. It is based on their average earnings while they were working. Many people are contracted out of the S2P scheme… …   Universalium

  • S2P — Abbreviation for State Second Pension. See: State Earnings Related Pension Scheme …   Accounting dictionary

  • contracted out — ➡ S2P * * * …   Universalium

  • State Second Pension — ➡ S2P. * * * …   Universalium

  • State Second Pension — S2P; = SSP See: State Earnings Related Pension Scheme …   Accounting dictionary

  • State Second Pension — On 6 April 2002, the Labour Government introduced the State Second Pension, or S2P to provide a more generous pension provision for UK workers. The main aim of this change was to enhance existing Additional Pension (or AP ) benefits for low and… …   Wikipedia

  • Membrane-bound transcription factor peptidase, site 2 — Identifiers Symbol MBTPS2 Alt. symbols S2P Entrez 51360 …   Wikipedia

  • state second pension — (S2P) A top up state pension that replaced the state earnings related pension scheme (SERPS) from 6 April 2002. S2P is an additional state pension based on an employee s national insurance contributions (NICs …   Law dictionary

  • upper accrual point — (UAP) Introduced under the Pensions Act 2007 as part of the simplification of the state second pension (S2P), the upper accrual point (UAP) replaces the upper earnings limit for the purpose of calculating (and capping) entitlement to S2P. The UAP …   Law dictionary