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Entitlement to the so-called small widow’s pension exists if the large widow’s pension is denied because the requirements are not met. According to the current legal situation, it is only paid in the first two years after the death of the partner. Only couples who married before 1 January 2002 have a lifelong entitlement, provided at least one spouse was born before 2 January 1962. It amounts to 25 per cent of the pension to which your partner would have been entitled at the time of death.
At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.
We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.