What happens to the pension

goldenicon

Hi, my mother is 84 and has a government pension and a nursing pension. What happens to her pensions when she dies, do they die with her?

My sister and I are trying to sort out her finances for her.

Thanks.

dunstonh

do they die with her?

Yes. (on the basis that it appears there is no spouse)

goldenicon

dunstonh said:

do they die with her?

Yes. (on the basis that it appears there is no spouse)

Yes, my father passed away over 10 years ago.

Its such a shame that she has pad into these policies and they die with her.

QrizB

goldenicon said:

Its such a shame that she has pad into these policies and they die with her.

She's 84 and has been receiving an income from them for 24 years? That's what pensions are for.

Andy_L

goldenicon said:

dunstonh said:

do they die with her?

Yes. (on the basis that it appears there is no spouse)

Yes, my father passed away over 10 years ago.

Its such a shame that she has pad into these policies and they die with her.

The contributions of those who die early subsidise those who live to 100.
If they also paid out beyond the death of the member/spouse/dependant children then, in order to balance the books, they would pay out less pension to the member instead 

dunstonh

ts such a shame that she has pad into these policies and they die with her.

The state pension and NHS pension (assuming that is what you mean by Nursing) are not policies.     She would have paid a pittance into the NHS pension during her working life compared to what she has got back.    

xylophone

Hi, my mother is 84 and has a government pension and a nursing pension. What happens to her pensions when she dies, do they die with her?

Do you mean that she has a state pension ("old age pension") and a pension from the NHS  Pension Scheme?

If so, I don't understand the reference  in bold below.

Its such a shame that she has pad into these policies and they die with her.

Your mother (and father) will have paid/ been credited NI in respect of the state pension (and your mother's pension should reflect this) and  he/she/they  (as appropriate) and employer will have contributed to the NHS Pension Scheme.

Both pensions  provide a  retirement income for the parties involved - they are not intended to provide an inheritance for their heirs.

goldenicon

QrizB said:

goldenicon said:

Its such a shame that she has pad into these policies and they die with her.

She's 84 and has been receiving an income from them for 24 years? That's what pensions are for.

Yes, I know that but she has paid in more than she will get back. I know some policies allow it to be passed on to the spouse or dependent children. Both my sister and I are no longer her dependents, so I know we are not eligible for it.

MallyGirl

For state pension and NHS pension she really won't have paid in more than she got back.
State pension is related to NI contributions but NI covers so much more than just her pension so there is no way of attributing a portion of her NI to funding the pension. It just doesn't work like that.

Linton

dunstonh said:

ts such a shame that she has pad into these policies and they die with her.

The state pension and NHS pension (assuming that is what you mean by Nursing) are not policies.     She would have paid a pittance into the NHS pension during her working life compared to what she has got back.    

To expand the point...

Neither State Pension nor the NHS pension pay your pension from the money you pay into them.  They are both funded from current income.  ie the money your mother paid in while she was working went to the people taking pensions at that time.  Her NHS pension is paid for by current NHS staff.  Both SP and the NHS pension are underwritten by the governmentand so covered by the taxpayer.

I dont think that an increase in NHS staff's pension contributions to provide larger inheritances would go down well.

goldenicon

dunstonh said:

ts such a shame that she has pad into these policies and they die with her.

The state pension and NHS pension (assuming that is what you mean by Nursing) are not policies.     She would have paid a pittance into the NHS pension during her working life compared to what she has got back.    

Its is the Royal National Pension Fund for Nurses and it is paid out by Liverpool Victoria, they pay her a monthly fee of £900 per month.