State Pension and Spousal Inheritence

westv

Am I correct in saying that for a married couple who both have a SP age after April 16 and who were married prior to April 16 then either spouse would inherit 50% of the others protected benefits?
If both will be entitled to the full £8k that would be the "protected benefits" figure?

What happens to those who marry after April 16?

xylophone

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181235/derived-inherited-entitlement.pdf



For 2017 read 2016.

westv

xylophone wrote: »

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181235/derived-inherited-entitlement.pdf



For 2017 read 2016.

And a summary of the 26 pages is? :D

molerat

Page 15 gives the basics as there are a few caveats.

The "protected amount" is the part over the £8K, anything from the "old" system that takes you above the £155.65 pw. Those married after April 16 get zilch.

noh

No.
If your starting amount exceeds the new state pension then the difference between the two is the protected amount.
In my case the starting amount is around £162 per week. The new state pension is £155 therefore my wife could inherit 50% of £7 ie £3.50 per week

If married after April 2016 then nothing can be inherited.

https://www.gov.uk/new-state-pension/how-its-calculated
https://www.gov.uk/new-state-pension/inheriting-or-increasing-state-pension-from-a-spouse-or-civil-partner

westv

So for couples who will only get the full single tier pension of £8k there will be no inheritance?
Seems to make it even less worthwhile deferring the SP.

xylophone

And a summary of the 26 pages is?

You just scroll down to "transitional arrangements" and pick out your "scenario".

As Molerat says, p15 offers the "scenario" you seek.

xylophone

And also see information in link on

The maximum additional State Pension cap:

33Lurcher

My wife deferred her SP in June 14 , I receive my 1st SP payment this month (SP age Jan 2016) , I found it a bit difficult to understand the document but my impression was that if she died before me then I can inherit 50% of her deferred payments .
Am I on the right track ?

Thanks

xylophone

Try this one

https://www.gov.uk/new-state-pension/inheriting-or-increasing-state-pension-from-a-spouse-or-civil-partner




Inheriting extra State Pension or a lump sum

You may inherit part of or all of your partner’s extra State Pension or lump sum if:

they died while they were deferring their State Pension (before claiming) or they had started claiming it after deferring


they reached State Pension age before 6 April 2016
you were married or in the civil partnership when they died

33Lurcher

Thanks for that xylophone , it looks like that section would apply , she reached SP age in 2013 deferred in 2014 , we are married .

Thank you