Retirement State Pension

nottingham13

Hi

My parents are approaching retirement and both have enough contributions for a full state pension.

But is it reduced because they are a couple?

I know my mums pension will be about £90, and my dad has full contributions too, so will he also get £90 too?

Thanks

dunstonh

If they both qualified for their own pensions in their own right then they will get their own pensions. The amounts will depend on NI contributions cover SERPS, S2P and graduated pensions. £90 suggests virtually no qualification for those.

Has your father not had a letter indicating what his pension is likely to be?

nottingham13

sorry, my dads got a few years to retirement.

roddydogs

Yes, but if youve got no contributions you get pension credit which is more!

bryanb

nottingham13 wrote: »

sorry, my dads got a few years to retirement.

He can ask for a forecast on HMRC website

bryanb

roddydogs wrote: »

Yes, but if youve got no contributions you get pension credit which is more!

Maybe, but it depends on all your income, not just state pension amount.
Savings interest, wife's pension, private pensions; all count

nottingham13

He has a company pension, so I assume he won't qualify for pension credit?

But he has some savings, will he qualify for some other benefit?

jennifernil

With a company pension and a State pension I would not have thought he would qualify for any benefits other than stuff like bus pass, free prescriptions, that all over 60s get. Are they getting their winter fuel allowance? You get that as long as one of them is over 60.

If they have any Graduated contributions, SERPS etc, they will get additional State Pension.

nottingham13

yeah they are getting a winter fuel allowance, thanks

EdInvestor

Tell both of them to contact www.thepensionservice.gov.uk and ask for a forecast of their state pension(s).They need to fill in a request form.

Depending on their age they may have to wait until October when the computers will be back up after adjusting for the new rules.

nottingham13

Sorry what do you mean by

"Depending on their age they may have to wait until October when the computers will be back up after adjusting for the new rules."

Thanks