When spouse can get up to 50% of OH's private pension.

ANGLICANPAT Forumite Posts: 1,442
Part of the Furniture 1,000 Posts
Bit hazy on this. Retired wife with very  small state pension  but holding large amount of cash savings so not eligible for pension credit.   OH is a HRT payer  self funding  in a nursing home. who can no longer  contribute to own home running costs as all his income has to go to NH. Im told  as POA , Im allowed to take up to 50% of his taxed private pension once it hits our account  ,on which to live and manage house bills.

Am a bit confused as to whether  this is right now ,  or only when he runs our of money  and the council disregards  the 50% if his private pension (for me to live on)   in their calculation of what they will pay for him? Its a funny one really logically as  if I  have to live off my savings , then when my turn comes as it may well do  for a NH,  then Ill need funding  help a whole lot earlier , so swings and roundabouts  in terms of social cost. 

 Whenever it is I get it,  when it comes to doing a tax return to declare  interest on savings  , would the already taxed half of  OH's private pension  still be counted as income on my SA  ? ( which  would possibly affect  how much savings will be allowed tax free now interest rates are high ) 


  • Keep_pedalling
    Keep_pedalling Forumite Posts: 14,813
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Once his savings get close getting below the fully self funding limit a new financial assessment will be required and it is at that point the disregard will come in. You can still take 50% of his pension income to support your living costs right now .

    As for taxation it is already taxed and you would not need to declare this on a tax return if you need to do one. 
    ANGLICANPAT Forumite Posts: 1,442
    Part of the Furniture 1,000 Posts
    Thank you Keep_ Pedalling  ,clear and  much appreciated . Especially as its what I needed to hear !  
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