What will my wife get on my death

SeniorSam

Hopefully I will be around for a while, but I like to plan ahead where possible and am curious to know what my wife will get from my State pension when I die.

On top of my basic State Pension of £102.15 per week, I also get each week, Pre 1997 additional State pension of £91.06, Post 97 additional State Pension of £19.45, Extra basic State Pension of £32.60 and Extra additional State Pension of £36.69. In total £281.95 per wek.

This was partly due to the fact that I deferred taking a State pension for a couple of years.

Now aged 70, with my wife also 70 in September, with her own State Pension of £148 per week, is there a way to calculate what amount my wife will benefit from MY State pension when I die? Lets assume it is on my 71st Birthday February 2012.

After 48 years married, this information would help me calculate what her needs will be if I pop off first, as I would like to plan for her not to be concerned about income if possible and also to be able to use the capital we have now in a sensible way.

Many thanks

Sam

bilbo51

http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/Basicstatepension/DG_10026707

HappyMJ

According to the link above my understanding is that Basic State Pension is lost but a spouse would inherit half of any extra additonal pensions payable so your wife would get her basic state pension plus half your extra (£89.90) to be a total of £237.90.

wakeupalarm

If the Man’s date of birth is between 6 October 1939 and 5 October 1941, the maximum percentage of SERPS pension that the man’s wife or civil partner can inherit is 80%.

I'm not sure if she can inherit the "extra" part of your pension for delaying taking your pension.
If she can then she will inherit £143.84* (80% of additional + extra pension)
If she can't then she will inherit £88.36 (80% of additional pension)

Plus she keeps her own pension.

*Though there is a cap on the maximum amount of additional pension.
http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/DG_183780

SeniorSam

Thank you all for your help

Sam