4.5 Contracting Out
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Employees who participate in the State Second Pension Scheme (S2P),
and are not already 'contracted out' through membership of an occupational
pension scheme, may use a PPP to contract out of S2P.
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A PPP used for this purpose is known as an 'Appropriate Personal
Pension', and must be approved as such by the DWP as well as receiving
approval from the IR SPSS.
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APPs receive rebates of National Insurance contributions from the
DWP.
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