Although state pension payments technically come to an end when someone dies, there are some circumstances under which you can receive an extra state pension payment after your spouse or civil partner’s death. Check your state pension: Call the Future Pension Centre on 0800 731 0175. Contact the Pension Service: Check out other videos in my pensions playlist: Thanks for checking out my You Tube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money. If you enjoy this video, please press the like button to help more people like you find my channel. If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you. As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence. To explore whether I could help you, get in touch at Get my weekly newsletter: Check out my podcast: Connect with me: On Twitter: On LinkedIn: This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!...(read more)
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Losing a spouse is a particularly difficult experience, one that we all hope will never happen. But in the event that it does, it's important to know what happens to the assets and benefits that your spouse was entitled to during his or her life. One question that may come to mind is whether you can inherit your spouse's state pension if they die. The answer is yes, you can inherit your spouse's state pension if they die, but the amount you receive will depend on various factors and, in some cases, may not be available. Firstly, if your spouse died before reaching state pension age, unfortunately, you won't be able to receive any benefits. State pension payments are made to the individual who has reached the necessary age of eligibility, not to their surviving partner. If your spouse was receiving state pension payments before they passed away, the government's Bereavement Service will contact you to discuss the amount that you may be entitled to. There are different levels of bereavement benefits available, ranging from a lump sum payment to ongoing payments at a flat rate or a percentage of your spouse's pension amount. The amount you receive in bereavement benefits will depend on a variety of factors, including your age, whether you have dependent children, and your income. For example, if you are over 45 at the time of your spouse's death, you may be eligible for a one-off payment of up to £2,500. If you have dependent children, you may be eligible for ongoing payments at a weekly rate, and the amount you receive will depend on the age of your children and whether you are working or receive other benefits. It's important to note that the rules regarding bereavement benefits have changed over the years, and you may need to contact the Bereavement Service to find out exactly what you may be entitled to. Another factor that could affect whether you can inherit your spouse's state pension is whether your spouse had deferred their pension payments. If your spouse had deferred their pension payments, the payment amount may change when they pass away. If they had deferred their pension payments for more than ten years, then only basic state pension benefits may be payable to you as their surviving spouse. In summary, it is possible to inherit some of your spouse's state pension if they pass away, but the amount you receive will depend on a variety of factors. It's important to understand the rules and regulations surrounding bereavement benefits and to contact the Bereavement Service to find out exactly what you may be entitled to. https://inflationprotection.org/is-it-possible-to-inherit-a-deceased-spouses-state-pension/?feed_id=104896&_unique_id=647eeb8881eb3 #Inflation #Retirement #GoldIRA #Wealth #Investing #BasicStatePensionUK #gethusbandsstatepension #inheritspousesstatepension #inheritstatepension #statepensiondeathbenefits #UKStatePension #ukstatepensionexplained #whathappenstomystatepensionwhenmyhusbanddies #whathappenstomystatepensionwhenmywifedies #RetirementPension #BasicStatePensionUK #gethusbandsstatepension #inheritspousesstatepension #inheritstatepension #statepensiondeathbenefits #UKStatePension #ukstatepensionexplained #whathappenstomystatepensionwhenmyhusbanddies #whathappenstomystatepensionwhenmywifedies
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