National Insurance Contributions - Housewife

p00hsticks

Wrath_of_Kain said:

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

Less than that I'm afraid - as you'll both reach state pension age under the new scheme, she'd only be entitled to inherit 50% of any 'protected payment' you'd accumulated. This is the amount in excess of the new State Pension maximum £185.15 that you'd built up prior to the change to the new system in 2016, which you'd retain.

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

As your forecast is currently less than the maximum, then you have no protected payment, and so her own state pensino wouldn't increase if you died before her.

So it's especially important to ensure than your wife has a full state pension in her own right.

Wrath_of_Kain

molerat said:

Wrath_of_Kain said:

Best on that forecast then i have nothing to worry about ? .... got plenty of time to do another 3 years and thats me getting the full state pension then ?

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

She cannot get any of your pension, the new scheme is now based on an individual's contribution.  The only inheritance, which does not apply to you, is of 50% of any amount over the new full pension.

Sorry but why wouldnt it apply to me ?

Wrath_of_Kain

p00hsticks said:

Wrath_of_Kain said:

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

Less than that I'm afraid - as you'll both reach state pension age under the new scheme, she'd only be entitled to inherit 50% of any 'protected payment' you'd accumulated. This is the amount in excess of the new State Pension maximum £185.15 that you'd built up prior to the change to the new system in 2016, which you'd retain.

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

As your forecast is currently less than the maximum, then you have no protected payment, and so her own state pensino wouldn't increase if you died before her.

So it's especially important to ensure than your wife has a full state pension in her own right.

If I covered the additional 3 years that would take me to the maximum would that make a difference ?

TadleyBaggie

No, as you don't appear to have any state pension above the normal maximum amount. It's only additional pension amounts that can be inherited.

molerat

Wrath_of_Kain said:

p00hsticks said:

Wrath_of_Kain said:

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

Less than that I'm afraid - as you'll both reach state pension age under the new scheme, she'd only be entitled to inherit 50% of any 'protected payment' you'd accumulated. This is the amount in excess of the new State Pension maximum £185.15 that you'd built up prior to the change to the new system in 2016, which you'd retain.

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

As your forecast is currently less than the maximum, then you have no protected payment, and so her own state pensino wouldn't increase if you died before her.

So it's especially important to ensure than your wife has a full state pension in her own right.

If I covered the additional 3 years that would take me to the maximum would that make a difference ?

Wrath_of_Kain said:

molerat said:

Wrath_of_Kain said:

Best on that forecast then i have nothing to worry about ? .... got plenty of time to do another 3 years and thats me getting the full state pension then ?

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

She cannot get any of your pension, the new scheme is now based on an individual's contribution.  The only inheritance, which does not apply to you, is of 50% of any amount over the new full pension.

Sorry but why wouldnt it apply to me ?

As you have not and can not exceed the maximum new pension then there is nothing to inherit under the new 2016 pension rules.  The ONLY amount that can be inherited is half of what is above the new maximum and that could only be earned before the introduction of the new pension and carried forward as a "protected entitlement".

Wrath_of_Kain

molerat said:

Wrath_of_Kain said:

p00hsticks said:

Wrath_of_Kain said:

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

Less than that I'm afraid - as you'll both reach state pension age under the new scheme, she'd only be entitled to inherit 50% of any 'protected payment' you'd accumulated. This is the amount in excess of the new State Pension maximum £185.15 that you'd built up prior to the change to the new system in 2016, which you'd retain.

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

As your forecast is currently less than the maximum, then you have no protected payment, and so her own state pensino wouldn't increase if you died before her.

So it's especially important to ensure than your wife has a full state pension in her own right.

If I covered the additional 3 years that would take me to the maximum would that make a difference ?

Wrath_of_Kain said:

molerat said:

Wrath_of_Kain said:

Best on that forecast then i have nothing to worry about ? .... got plenty of time to do another 3 years and thats me getting the full state pension then ?

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

She cannot get any of your pension, the new scheme is now based on an individual's contribution.  The only inheritance, which does not apply to you, is of 50% of any amount over the new full pension.

Sorry but why wouldnt it apply to me ?

As you have not and can not exceed the maximum new pension then there is nothing to inherit under the new 2016 pension rules.  The ONLY amount that can be inherited is half of what is above the new maximum and that could only be earned before the introduction of the new pension and carried forward as a "protected entitlement".

Ah righto ... so from my perspective ..... have I/she missed out much ? .... doesnt sound like it 

Pat38493

Wrath_of_Kain said:

molerat said:

Wrath_of_Kain said:

p00hsticks said:

Wrath_of_Kain said:

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

Less than that I'm afraid - as you'll both reach state pension age under the new scheme, she'd only be entitled to inherit 50% of any 'protected payment' you'd accumulated. This is the amount in excess of the new State Pension maximum £185.15 that you'd built up prior to the change to the new system in 2016, which you'd retain.

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

As your forecast is currently less than the maximum, then you have no protected payment, and so her own state pensino wouldn't increase if you died before her.

So it's especially important to ensure than your wife has a full state pension in her own right.

If I covered the additional 3 years that would take me to the maximum would that make a difference ?

Wrath_of_Kain said:

molerat said:

Wrath_of_Kain said:

Best on that forecast then i have nothing to worry about ? .... got plenty of time to do another 3 years and thats me getting the full state pension then ?

Again I really should have done my homework but I had assumed if I died that my wife would get my state pension but appears that she will only get 50% ?

She cannot get any of your pension, the new scheme is now based on an individual's contribution.  The only inheritance, which does not apply to you, is of 50% of any amount over the new full pension.

Sorry but why wouldnt it apply to me ?

As you have not and can not exceed the maximum new pension then there is nothing to inherit under the new 2016 pension rules.  The ONLY amount that can be inherited is half of what is above the new maximum and that could only be earned before the introduction of the new pension and carried forward as a "protected entitlement".

Ah righto ... so from my perspective ..... have I/she missed out much ? .... doesnt sound like it 

To be clear, and sorry to say, but I think what they are basically saying is that state pensions belongs to the individual person and dies with them - this is the new norm under the new state pension going forward.  There are some historical partial exceptions to this, but based on the figures you have posted it doesn't seem like you are one of them.  Even if you were, the amount that would go to your wife would not be large - it would be 50% of a much smaller amount than the full pension and might well be a half of not much.

xylophone

If interested, you could wade through

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

Wrath_of_Kain

Having problems with the Mrs getting a gateway ID .... as far as I can work out you need to use: 

https://www.gov.uk/government/publications/introducing-govuk-verify/introducing-govuk-verify

But it seems that is no longer supported .... anyone got any ideas other than phone which just doesnt seem to get answered ?

jem16

Wrath_of_Kain said:

Having problems with the Mrs getting a gateway ID .... as far as I can work out you need to use: 

https://www.gov.uk/government/publications/introducing-govuk-verify/introducing-govuk-verify

But it seems that is no longer supported .... anyone got any ideas other than phone which just doesnt seem to get answered ?

Use this link now to register.

https://www.gov.uk/personal-tax-account