Hi,
I'm a 40 yr old man. I have a salary of £50k while my wife has a salary of £10k. I pay in around £500/month into my pension while my wife pays £100/month (Her employer literally gets away by paying £9 into her pension, so I set up a private SIPP for her). In my retirement, obviously I will be getting more pension and me and my wife can make ends meet well. However, If I were to go early (to the heavens), will my wife benefit from all the extra pension which I've paid in my lifetime? or will she end up with a paltry pension based only on the £100 she pays? I'm asking because if she won't benefit from any of my contributions, then I'd rather decrease my pension contribution and increase her contribution.
Kindly advise, as I have no idea what is the right thing to do.
Thanks.
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