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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Another inherited state pension query
TcpnT
Posts: 288 Forumite
My father in law died recently and I'm helping mother in law with her finances. She is wondering how much, if any, of his state pension she will inherit.
He died at 93 so started receiving SP around 1994. His latest pension increase letter states:
Basic SP 141.85
Pre 97 ASP 106.54
Less COD of 42.92
Graduated retirement benefit 5.52
Age Addition 0.25
Total pension per week 211.24
She is 87 and so started SP around 1995 I think. Her latest letter states:
Basic SP 80.45
Pre 97 ASP 5.70
Age addition 0.25
Total pension per week 86.40
Is this enough information to determine how much, if any, she will inherit?
Thanks
He died at 93 so started receiving SP around 1994. His latest pension increase letter states:
Basic SP 141.85
Pre 97 ASP 106.54
Less COD of 42.92
Graduated retirement benefit 5.52
Age Addition 0.25
Total pension per week 211.24
She is 87 and so started SP around 1995 I think. Her latest letter states:
Basic SP 80.45
Pre 97 ASP 5.70
Age addition 0.25
Total pension per week 86.40
Is this enough information to determine how much, if any, she will inherit?
Thanks
0
Comments
-
See Annex A here
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/181235/derived-inherited-entitlement.pdf
And the calculation here in particular re COD and inheritance.
https://forums.moneysavingexpert.com/discussion/comment/79022643/#Comment_79022643
Your MiL should be entitled to at least a full basic on her late spouse's contributions and in view of their ages, should inherit 100% of his Additional State Pension. She would also inherit 50% of the Graduated Pension.0 -
Thanks Xylophone.
I think that document would require some serious study to fully absorb - so your simple explanation is much appreciated.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards