For those who come under the pre-April 2016 rules, there are two main situations in which getting divorced can boost your state pension. Provided that you do not remarry, you can take advantage of your ex-husband’s record of National Insurance contributions when your basic state pension is worked out.
How much is the State Pension for a single woman?
The full new State Pension is £179.60 per week. The actual amount you get depends on your National Insurance record. The only reasons the amount can be higher are if: you have over a certain amount of Additional State Pension.
Is my wife entitled to my pension if we divorce?
Am I entitled to my husband’s pension when we divorce? Yes, but because of the way assets are divided in a divorce, you may not always receive part of your husband’s pension. On your divorce, or dissolution of your civil partnership, all of your assets and those of your ex-spouse or partner are taken into account.
Why are divorced women entitled to state pension?
LCP said women aged 60+ who reached state pension age before April 6, 2016 could be due uplifts of more than £50,000 over the course of their retirement due to a little known rule. This is because they fall under the old state pension system which makes significant provision for divorced women.
How much is the state pension for a married woman?
These women are entitled to 60% of the basic state pension their husband gets at SPA. For 2020-21, the full basic state pension is £134.25 per week and the rate for married women claiming on this basis would be £80.45 per week.
Is there a pension loophole for divorced women?
Divorced women could be owed £50k due to pension loophole Advisers have been urged to check the state pension payments of women who divorced later in life as they could be missing out on large sums due to a loophole in the rules, according to consultancy LCP.
When to contact DWP about state pension after divorce?
Steve Webb replies: Because you reached state pension age before 6 April 2016, you come under the old state pension system which includes important provisions for those who divorce. You should certainly contact the DWP as soon as possible if you have not already notified them of your divorce.
