Guidance

State Pension fact sheet: Contracted Out Pension Equivalent (COPE)

This fact sheet helps explain why we may have included a COPE amount when you used the online State Pension forecast service.

Documents

Contracting out and why we may have included a Contracted Out Pension Equivalent (COPE) amount when you used the online service

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Details

We may have included a Contracted Out Pension Equivalent (COPE) amount when you used the online State Pension forecast service. This fact sheet helps explain contracting out and how we use the COPE amount in forecasts.

Published 18 December 2014
Last updated 6 April 2017 + show all updates
  1. Removed the out-of-date fact sheets that were published to help explain the State Pension changes from 6 April 2016. Updated the COPE fact sheet to explain that the COPE amount is based on April 2016 State Pension rates.
  2. Updated the COPE documents to make sure they're accurate for the new financial year.
  3. Published updated versions of all the English fact sheets. Updated Welsh versions will be available soon.
  4. Added fact sheet about contracting out and why we may have included a Contracted Out Pension Equivalent (COPE) amount when you used the online service.
  5. Removed the following fact sheet temporarily while we make changes to it – 'Topping up your State Pension – The current State Pension'.
  6. Published updated PDFs – (1) How to increase your new State Pension – Changed the age for getting a statement from 55 or over to 50 or over (2)(a) Deferring your State Pension (b) Claiming your State Pension through your husband, wife or civil partner, and (c) The current State Pension – Added information about the effect on deferral of other benefits.
  7. Removed the following fact sheet temporarily while we make changes to it – 'Introducing the Contracted-out Pension Equivalent (COPE) amount'.
  8. Published revised versions of the fact sheets that mention the extra amount for qualifying years – amount changed from "about £4.44" to "about £4.45".
  9. Republished the factsheet 'How the new State Pension is calculated' because its replacement 'Starting amounts and the impact of contracting-out' isn't finalised.
  10. Published an updated version of 'How the new State Pension is calculated' and changed the title to 'Starting amounts and the impact of contracting-out'. Added new fact sheet 'Introducing the Contracted-out Pension Equivalent (COPE) amount '.
  11. Published revised versions with final amount for the full new State Pension from April 2016 – Introduction to the new State Pension, National Insurance and your State Pension, Self-employment and the State Pension, Claiming your State Pension through your spouse or civil partner. Added new fact sheet – How to increase your new State Pension.
  12. Published revised version of the 'Topping up your State Pension' fact sheet because top up applications can now be made.
  13. Published revised versions (English and Welsh) with up to date amounts of – Introduction to the new State Pension, How the new State Pension is calculated, National Insurance and your State Pension, Self-employment and the State Pension, The current State Pension scheme.
  14. Added new fact sheet about getting State Pension through your spouse or civil partner.
  15. "Deferring your State Pension" fact sheet revised to reflect the fact that the legislation has now been passed.
  16. Added Welsh versions of the fact sheets.
  17. First published.