To contract or not

To contract out or not to contract out will not have been uppermost in the mind of William Shakespeare when he wrote Hamlet but today's budding playwrights and other professionals should be asking this question What is contracting out? This is where someone opts out of the State Earnings Related Pension Scheme (Serps) and sets up their own private arrangement or joins their employer's contracted-out occupational pension scheme and is opted-out of Serps by their employer Contracting out can be achieved through an Appropriate Personal Pension Scheme (APPS), a Free-Standing Additional Volunt...