Protected Rights is the money accumulated from ‘contracting out’. It is also known as
‘contracting out of SERPS’, a ‘rebate pension’ or an ‘Appropriate Personal Pension (APP)’,
and may contain an element of National Insurance contribution by means of a rebate into
your APP. Until 2012 Protected Rights benefits will have to be kept separate from non
Protected Rights within your fund.
That is just one paragraph from a guide to filling in a form related to my pension. I do not want this stuff filling up the hard disk in my head. I want to free up space for important things like the plot of the Lord of the Rings fan fiction I am reading or the details of Climategate or even some mathematics or the rules to Magic: The Gathering.
But no, the great game of Nomic that officialdom plays goes on, and the boring stuff requires ever more attention.