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Need some assets advice please.
sexyjessie599
Posts: 67 Forumite
I have been working for a major supermarket for 14 years and just recently retired on ill health grounds.
My husband has no pension as has worked in the building trade and kept thinking to start one when next job starts etc.
great summer job but s**t in the winter especially if you got 3 kids and no money sense and the same mentality about money as we did,if we earned it we spent, bla bla
Learned our lesson when we found mse and decided that I would save the max amount of savings £250pm on saye shares, and have done without a lot of things to get us back on track.
An ifa told us to carry on as that was a plan that they could not better.
This money has always been earmarked to be my husbands(and mine) pension plan as even through the last 5/6 years when my health was failing I would sometimes only have £60/70 pay we struggled on and kept it going.
Now fast forward to today and I no longer work, I feel I need to split these company shares equally as they are my husbands as well as mine, ie he has done without a proper wage from me for years while most of my pay went to savings.
I am currently getting IB £295 ,I think it is called contribution based, Dla high mobility +Low care £250 plus a small pension which works out at £52 pw after tax.
If I give my husband his half of the shares will it affect any of these amounts and should I make an appointment to explain to the tax people what I am doing.
Jess
My husband has no pension as has worked in the building trade and kept thinking to start one when next job starts etc.
great summer job but s**t in the winter especially if you got 3 kids and no money sense and the same mentality about money as we did,if we earned it we spent, bla bla
Learned our lesson when we found mse and decided that I would save the max amount of savings £250pm on saye shares, and have done without a lot of things to get us back on track.
An ifa told us to carry on as that was a plan that they could not better.
This money has always been earmarked to be my husbands(and mine) pension plan as even through the last 5/6 years when my health was failing I would sometimes only have £60/70 pay we struggled on and kept it going.
Now fast forward to today and I no longer work, I feel I need to split these company shares equally as they are my husbands as well as mine, ie he has done without a proper wage from me for years while most of my pay went to savings.
I am currently getting IB £295 ,I think it is called contribution based, Dla high mobility +Low care £250 plus a small pension which works out at £52 pw after tax.
If I give my husband his half of the shares will it affect any of these amounts and should I make an appointment to explain to the tax people what I am doing.
Jess
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