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money in joint account

for Social security /pension purpose is all the money in a joint account taken into consideration or is it half the money ,50% belonging to each person .
"Do not regret growing older, it's a privilege denied to many"

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    This issue has come up for IHT.

    I think it depends where the money comes from so I think it helps to have this info and potentialy have the tax done the way you want.

    For a true joint finances account even if the money comes from one person I think you can treat this as 50:50 eg married with one occupational pension + other bits.
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