If your DH pays HRT and you don't, do you have pension savings in your own name?

[Bramshott]

Still struggling with a years-old dilemma here!

DH pays HRT and has both a company and a personal pension. I am a self-employed basic rate taxpayer with one very old and now stopped personal pension with a small amount in.

On paper, it makes most financial sense for us to make pension savings in DH's name as the tax we get back is so much more. I know that if we divorced the pensions could be included as part of any settlement.

BUT, still at the back of my mind I can't help wondering if I'm being naive and foolish not to have a pension in my name?? If we set up one for me, it would reduce the amount we could contribute to the current pensions. DH is very clear that he regards the pension savings as 'our' money which we will make decisions about jointly, and use to buy a joint annuity when the time comes.

So just interested really - how does anyone in the same situation handle this??

[Lonecatwithkitten]

You need to look into what happens to the pension if your DH pre deceases you.

[Bramshott]

Hmm, yes, thank you, that's good point. I think that at least the private one is left to me, but I need to check.