Standard (or main) rate contributions buy entitlement to all contributory benefits. In the past, such contributions on earnings between the LEL and UEL gave entitlement to benefit from the State Earnings Related Pension Scheme (SERPS), but the arrival of the separate primary and secondary thresholds (PT and ST) changed that. An employee who earns between the LEL and the PT now pays no contributions (although he is deemed to have paid contributions), but nevertheless – until the introduction in 2016 of the flat-rate state pension – accrued entitlements to the State Second Pension, S2P, which replaced SERPS in April 2002. The link is explained at ¶1030-300.

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