We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pension Lump sum

karen123456789
karen123456789 Posts: 3 Newbie
Ninth Anniversary Combo Breaker
in Pensions, annuities & retirement planning
Hi, My husband passed away on 12th July last year and I am receiving £122.28 per month spouses pension. Why can I not get this in a lump sum? It would help pay for a headstone etc Thanks
«1

Comments

  • RickyC_IFSWP
    RickyC_IFSWP Posts: 203 Forumite
    Hi Karen

    Sorry to hear. Was your late husband already in receipt of his pension when he passed away and do you know what type of pension this is?
    "If you will change, everything will change for you." - Jim Rohn

    I simply use these forums to share my knowledge, reinforce my learning and experience as an IFA. Please remember, if your circumstances are complex, speak with your local IFA from Unbiased or VouchedFor directories for regulated financial advice.
  • karen123456789
    karen123456789 Posts: 3 Newbie
    Ninth Anniversary Combo Breaker
    Yes he had been getting his pension for 14years. I only know it is a work related pension which he got as a package when made redundant.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    karen123456789 wrote: »
    Why can I not get this in a lump sum? It would help pay for a headstone etc Thanks

    Because it's a pension fund not a funeral insurance policy. Horses for courses.
    Free the dunston one next time too.
  • RickyC_IFSWP
    RickyC_IFSWP Posts: 203 Forumite
    karen123456789 wrote: »
    Yes he had been getting his pension for 14years. I only know it is a work related pension which he got as a package when made redundant.

    Oh ok. Unfortunately, that type of pension typically only pays a dependent pension after that period. Have you enquired about state bereavement payment?

    "If your husband, wife or civil partner has died you may be able to get Bereavement Payment: a one-off, tax-free, lump-sum payment of £2,000." See gov.uk for more information.
    "If you will change, everything will change for you." - Jim Rohn

    I simply use these forums to share my knowledge, reinforce my learning and experience as an IFA. Please remember, if your circumstances are complex, speak with your local IFA from Unbiased or VouchedFor directories for regulated financial advice.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It must be of help to you on a monthly basis. If you don't need it, put it away and in 12 months or so, buy the headstone,
    you should be able to get one for that much ie £1200 .
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • mania112
    mania112 Posts: 1,981 Forumite
    Part of the Furniture Combo Breaker
    kidmugsy wrote: »
    Because it's a pension fund not a funeral insurance policy. Horses for courses.

    wow, tactful.
  • karen123456789
    karen123456789 Posts: 3 Newbie
    Ninth Anniversary Combo Breaker
    Because I am on income support (I can,t work as I have a handicapped daughter) The government take all of this pension ff me.
  • dunstonh
    dunstonh Posts: 120,262 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    karen123456789 wrote: »
    Because I am on income support (I can,t work as I have a handicapped daughter) The government take all of this pension ff me.

    They should not be taking it all off you. You may wish to check with the benefits agency to see why that is the case.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • xylophone
    xylophone Posts: 45,758 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Because I am on income support (I can,t work as I have a handicapped daughter) The government take all of this pension ff me.

    Would you wish to check your situation by posting on the Benefits Board?
  • ManofLeisure_2
    ManofLeisure_2 Posts: 528 Forumite
    Hi Karen,

    My sincere condolences for your loss.

    I haven't any advice in respect of your pension, but it did occur to me that there are charitable trusts which exist to help those in need. It might be worth checking to see whether your local library has any info on charitable trusts in your own location.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture