SERP question

meriva11

I have an SERPs income to top up my state pension. In the event I pass on I cannot find out what would happen to this income regarding transfer to my spouse. Would she be entitled to this income?
Can anyione provide either a suggestion how and where I can get an answer or indeed provide an answer to me.

Many thanks

jem16

meriva11 wrote: »

I have an SERPs income to top up my state pension. In the event I pass on I cannot find out what would happen to this income regarding transfer to my spouse. Would she be entitled to this income?

As it stand at the moment your wife would be entitled to 50% or more of your SERPS entitlement depending on your date of birth.

This should explain it.

http://www.pensions-advice.me.uk/pdf/serps/serpsl1apr05.pdf

Linton

meriva11 wrote: »

I have an SERPs income to top up my state pension. In the event I pass on I cannot find out what would happen to this income regarding transfer to my spouse. Would she be entitled to this income?
Can anyone provide either a suggestion how and where I can get an answer or indeed provide an answer to me.

Many thanks

For people retiring on or before 2017 - see here. If you retire after 2017 there wont be a second state pension but there are transitional arrangements whereby 50% of your State Pension above the base £144 can be inherited.