New Job - "wishes" form

tessat

Hi, I've received the contract and other docs for my new job. One of the forms is my wishes in relation to pension and DIS benefit. It gives the option to split DIS benefit between different parties.
I'm recently divorced but have been in a relationship for a number of years. 4 children, 3 from marriage one with partner.

So what is the norm here? Should I just put 100% down to partner or do most people split it between their Spouse and children?

Nody

Depends on your relation with your ex I guess; 50 to the ex, split the rest between your children or simply an equal share to each. It's not likely it will kick in anyway so not something I'd spend to much time thinking over.

tessat

Oh Ex-Husband is getting nothing, I'm still in a very happy relationship with my partner now. You're right too, hopefully will never kick in. I was just wondering if it is normal to name the kids in this section or should I just put partner down for 100%

The_Conductor

Split the whole lot equally between the children, held in trust until they're 18 years of age, and under the control of a Trustee, who has their best interests at heart. With any luck at all- its something you'll never have to call on- but if the unexpected should ever happen- you'd know your children were cared for?

Mrs OBumble

I'd kinda hope that you have life insurance already in place to care for your children in the case of your untimely demise, and that DIS would be on top of that.

If so, then split it any old way you like. I'm sure there's no normal for this, not many jobs offer it AFAIK.

tessat

I do have other Life Insurance in place so this is extra. In fairness, I need to get my finger out and get my Will redone since the divorce and sort out proper guardianship rights etc.
Many thanks for the replies.

MouseTail

tessat wrote: »

I do have other Life Insurance in place so this is extra. In fairness, I need to get my finger out and get my Will redone since the divorce and sort out proper guardianship rights etc.
Many thanks for the replies.

I would do that as a priority and have this DIB decision as part of the succession planning discussion with your solicitor.

Clive

tessat wrote: »

Hi, I've received the contract and other docs for my new job. One of the forms is my wishes in relation to pension and DIS benefit. It gives the option to split DIS benefit between different parties.
I'm recently divorced but have been in a relationship for a number of years. 4 children, 3 from marriage one with partner.

So what is the norm here? Should I just put 100% down to partner or do most people split it between their Spouse and children?

Was a Pension Adjustment Order not issued as part of your divorce? That should have covered contingent (death in service) benefits.

tessat

Clive wrote: »

Was a Pension Adjustment Order not issued as part of your divorce? That should have covered contingent (death in service) benefits.

New job. I was divorced earlier this year so he gets no rights to the DIS on new pension.