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Father Passed away what happens to his state pension
rfowler
Posts: 486 Forumite
My Father passed away last year what happens to his tax contrubution into his pension?
My mother has also passed away
My mother has also passed away
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Comments
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The pension has also passed away, sorryI am not a cat (But my friend is)0
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Sorry for your losses, but I would think that any pension has/will cease due to the passing of your parents.
What answer did you want/expect? And please don't take that the wrong way. I assume you were hoping that you could claim some of your parents contributions. But I don't think it works quite like that.0 -
Hi, if it helps I have looked into this recently.
State pension does not pay out to children of the deceased unfortunately.
If your father had a personal pension then contact the provider, there may be a fund in trust and they may pay out a discretionary amount to you.
Hope that helps, even if it's not the answer you were looking for.Trust me.... I know what I'm doing.0 -
How could anyone conceivably think state pensions would be paid to children after the parent's death?
What is the basis of thinking that might happen?0 -
How could anyone conceivably think state pensions would be paid to children after the parent's death?
What is the basis of thinking that might happen?
That's unkind!
I think the OP was thinking that his contributions might be refundable to form part of the estate as the pension never came into force.0 -
The basis being somene has worked for 40+ years paying in all the time dying at 65 never claiming a penny. Annoying, but it is called insurance on which you can claim only if you or your spouse are alive after retirement age.How could anyone conceivably think state pensions would be paid to children after the parent's death?
What is the basis of thinking that might happen?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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My father had a personal pension, which he had started to draw down on as he had retired, once he died that ceased as well, not sure there are any where/when a discretionary trust would apply....0
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helencbradshaw wrote: »My father had a personal pension, which he had started to draw down on as he had retired, once he died that ceased as well, not sure there are any where/when a discretionary trust would apply....
It sometimes applies when there is a dependant child or a child still in education.To be in your child's memories tomorrow, be in their life today.0
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