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Invest vs Pension
Comments
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NottinghamKnight said:
She would presumably be on the nomination form one would expect.Bravepants said:Also, if you pay your wife's money into YOUR pension and then YOU die, what happens to HER money?
As indeed is my partner on mine, but she would receive about 37% of my pension should I die while it's in payment.
If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.0 -
Don't understand are you assuming the OP is in a DB scheme as there is nothing I've seen on this thread to indicate that.Bravepants said:NottinghamKnight said:
She would presumably be on the nomination form one would expect.Bravepants said:Also, if you pay your wife's money into YOUR pension and then YOU die, what happens to HER money?
As indeed is my partner on mine, but she would receive about 37% of my pension should I die while it's in payment.0 -
Neither is there anything in this thread that indicates otherwise.NottinghamKnight said:
Don't understand are you assuming the OP is in a DB scheme as there is nothing I've seen on this thread to indicate that.Bravepants said:NottinghamKnight said:
She would presumably be on the nomination form one would expect.Bravepants said:Also, if you pay your wife's money into YOUR pension and then YOU die, what happens to HER money?
As indeed is my partner on mine, but she would receive about 37% of my pension should I die while it's in payment.
If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.0 -
So would be best to clarify that, the vast majority of pensions currently active are dc, which would pay out in full on the death of the husband or continue to drawdown etcBravepants said:
Neither is there anything in this thread that indicates otherwise.NottinghamKnight said:
Don't understand are you assuming the OP is in a DB scheme as there is nothing I've seen on this thread to indicate that.Bravepants said:NottinghamKnight said:
She would presumably be on the nomination form one would expect.Bravepants said:Also, if you pay your wife's money into YOUR pension and then YOU die, what happens to HER money?
As indeed is my partner on mine, but she would receive about 37% of my pension should I die while it's in payment.0 -
In my case, that is correct, my wife would receive it all if I die. I wouldn't have suggested paying her lump sum into my pension if that wasn't the case.NottinghamKnight said:
So would be best to clarify that, the vast majority of pensions currently active are dc, which would pay out in full on the death of the husband or continue to drawdown etc
However, after reading the replies to this post, I will be getting some advice from an IFA, but I see the way ahead as being to increase my salary sacrifice, and look at a separate pension for my wife.
Thanks to everyone for their responses.
Simon.
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