pension

[henrys]

my friends wife would like to know
her hubby has a company pension
if & when he dies
will she still be entitled to the pension
thanks

[bednobs]

it will depend on the terms and conditions of the pension, so she'll have to ask him!
I like that "if" he dies bit. Theres nothing certainer!

[dzug]

As bednobs says, it depends on the T&C of the pension.

A common but by no means universal arrangement is that the widow gets half the husband's pension. It is also common but not universal that it ceases if she remarries.

[Mrs_Pegasus]

I had to complete a form stating how I wished my pension to be split if I was to die in service. I think this stands if I am receiving the pension. Therefore, if he hasnt pledged any of it to his wife then she will not automatically get it. Since he is your friend, couldnt you ask?

[dannydingbat]

I always thought that if two people were married everything they did was shared and open. Yet she doesn't know if he has a pension. Amazing.

2 easy ways,

1. She can ask him

2. look at his payslip and see if any contribution has been deducted. If she has never seen a payslip and doesn't know where they are, and is afraid to ask him the question, I doubt they will be together until he dies so it won't make any difference..

[antiguru]

Mrs_Pegasus � You�re thinking of your death in service benefit ( 2x, 3x, 4x salary etc) which is different from, but often administered with, a company pension. It�s a bit like life assurance and it�s a discretionary payment which means you express your wishes to the Trustees, often but not always the same people who are Trustees for the pension scheme, and they decide how to distribute the payment. Because it often is paid out outside the dead person�s estate (and therefore does not attract IHT) many people use it to pass money to people other than their spouse and bypass IHT.

But it�s different from a pension. Most companies recognise a spouse for widow or widower�s pension and some even recognise partners, but not all.

henrys � in answer to your question, your friend has no right to this information at the moment from anyone who administers the scheme. The only time she can force someone to tell her this info is during a divorce case. Sad but true.