State Penions. Question.

[LochNessMonster]

is it true that if you have a funeral policy or plan, this affects what you receive when you retire?

Thanks for your help !

You the best. Nessie

[Jackdaw33]

Not to my knowledge.

[Mamyalynne]

Check here , it states...

Disregarded.

the value of a pre-paid funeral plan.

http://www.entitledto.co.uk/help/savings-over-60

[Flonska]

Funeral payments made by the state (usually for those on low incomes) may be affected if the deceased held a funeral plan but the state pension paid whilst the person is/was alive will not as this is based upon your National Insurance Contribution Record.

[Jackdaw33]

Mamya's link refers to means-tested benefits which the state pension is not (yet!).

[jno]

are those just for benefits, Mamya? As far as I know the basic state pension depends only on how long you've paid NI contributions

https://www.nidirect.gov.uk/articles/state-pension-and-pension-credit-rate

[woofgang]

I have just applied for my pension. All they wanted to know about were details of my employment and NI number (actually they had them, just needed confirmation) also details of when my late husband died and his name and NI number.

[Peter Pedant]

No

( jesus this must be my shortest AB answer oops it has just become a bit longer!)

[Peter Pedant]

// I have just applied for my pension//

yeah having paid for it all my life - I found I had to 'apply' for it and then some ponce in a pinstripe suit told me he had "granted it" me.

[ladybirder]

It doesn't affect your state pension. It might have an effect on any means tested benefits you may wish to claim.

[Mamyalynne]

Sorry for the useless link.