Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Keeping pension quiet?

331 replies

Seperateaccount · 24/03/2024 21:24

DH and I are hitting pension age. We've been together 25 years, married for nearly 20 years and I've worked sporadically during that time. DH's job takes him abroad and I follow. I'd also paid 20 years of the 25 year mortgage on my own, before we paid it off a few years ago.

I've just become aware of a pension that I'm entitled to from my working days before I even met DH, something I'd completely forgotten about. It's not enough to live on every month but the 25% tax free amount would give me a nice nest egg and I can continue to build it with the pension .

DH will likely see the extra income as a reason to play golf/go on holiday/not worry about the future.

AIBU to set up bank accounts DH doesn't know about? I'm well aware that he's paid more in terms of day to day expenses over the last few years but I also know that I worked bloody hard for years (before we met), to pay for the majority of our house.

OP posts:
Sleepandchocolate2202 · 25/03/2024 00:11

Honestly this speaks to a bigger issue. You and DH aren’t on the same page when it comes to finances and spending.
I’d keep it to myself at the moment but you need to be having serious discussions about both of your attitudes to finance and to get on the same page - esp if you’re both going into retirement.
If you don’t think it’s possible to agree on spending and finances then maybe you have a bigger problem.
sounds like you’ve been bossing it your own way so far (you go Glen Coco) - keep it secret and if you get on the same page then share it … if not then … you do you x

GreekGod · 24/03/2024 23:25

This is your money OP. Keep it to yourself. You never know when you may need it.

redalex261 · 24/03/2024 23:23

What I mean is, if you had messaged here that you had found out your husband of 20 odd years had been paid out a lump sum and regular pension and hidden it from you, his wife, everyone on here would be shouting Leave The Bastard - it would not matter if he had paid 20 years of the 25 year mortgage and you were addicted to buying shoes!

LogansWalk · 24/03/2024 22:27

So you essentially paid for most the house, which he moved in to when you'd had it 20 years.

Did he bring any assets to the marriage?

that would influence my response.

Waitingforgeorge · 24/03/2024 22:26

I would not feel comfortable lying to dh and I would not feel comfortable with the lack of financial planning I’d have to talk to him about the money situation.

Londonscallingme · 24/03/2024 22:22

If you reverse this your OH would be getting destroyed on here. Be honest and address your partners tendencies to overspend. It’s the very obvious and decent choice.

Sasqwatch · 24/03/2024 22:22

Viviennemary · 24/03/2024 21:53

It would be totally sneaky, immoral and dishonest. But up to you.

Behave 🙄

Seperateaccount · 24/03/2024 22:22

Baileyqueen · 24/03/2024 22:01

Depends on whether you expect to have access to his private pension or if he is free to keep his own too ( without giving you any details about it).

He is more than welcome to manage his own finances

OP posts:
Daffidale · 24/03/2024 22:20

I wouldn’t do it. But my OH and I have very similar attitudes to money, spending and saving. We pool finances. We’d both be outraged if the other kept income or savings secret.

How do finances work between you? Is it joint income/spending/saving? Or do you each normally have “your” money and then split bills?

I think it’s OK not to add this pension to the day to day income, and to say you are going to save it in case you need it for future . It’s OK to have it in your own name so he can’t access it. But not to hide it from him.

Seperateaccount · 24/03/2024 22:19

LoopyLooooo · 24/03/2024 21:59

I'm curious to know how you paid 20 of the 25 year mortgage on your own, if you've been together 25 years?

Surely it's just swings and roundabouts and his wages went on other things, in order for yours to pay the mortgage?

I paid 20 ofvthec25 years before I met him.

OP posts:
Meadowfinch · 24/03/2024 22:17

If he's a 'spend to the limit' type, I'd keep quiet and put your 25% tax free in a private account.

You never know when an emergency may arise, and your dh doesn't sound particularly financially competent. Having something in reserve makes sense.

Seperateaccount · 24/03/2024 22:12

LoopyLooooo · 24/03/2024 21:59

I'm curious to know how you paid 20 of the 25 year mortgage on your own, if you've been together 25 years?

Surely it's just swings and roundabouts and his wages went on other things, in order for yours to pay the mortgage?

Because we're old gits. I got a mortgage, worked my ass for 20 years then met and married this man. (20 years on my own and married to this man for just five of the 25 year mortgage).

OP posts:
SabreIsMyFave · 24/03/2024 22:08

Yeah, I think you should keep it to yourself @Seperateaccount , even though it's sneaky and immoral (as a pp has aid,) because (from what you say,) your relationship sounds quite poor/not very strong. So you need to secure your own finances.

After 30+ years together, I could never imagine doing this to my DH.

MyGooseisTotallyLoose · 24/03/2024 22:04

Seperateaccount · 24/03/2024 21:42

Because I worked for 25 years before we met. Worked sporadically since we met. I have no idea what LTB is, but thanks for your input.

So you got a mortgage at 18 say? Worked for 25 years paying it and met him at 43 paid for another 20 years and you're now 63? (Maths isn't my strong point) how did you pay mortgage on your own working sporadically?

reallyworriedjobhunter · 24/03/2024 22:03

determinedtomakethiswork · 24/03/2024 21:45

I might get slated here but I would definitely keep that news to myself. I would call it my running away fund.

I would do the same.

Baileyqueen · 24/03/2024 22:01

Depends on whether you expect to have access to his private pension or if he is free to keep his own too ( without giving you any details about it).

Seperateaccount · 24/03/2024 22:00

WhateverMate · 24/03/2024 21:56

In your shoes I would probably keep it to myself.

But having said that, I'd never be in your shoes because no man has such redeeming qualities that I'd want to live a shit life of chucking everything on credit.

Well thanks for that.

OP posts:
LoopyLooooo · 24/03/2024 21:59

I'm curious to know how you paid 20 of the 25 year mortgage on your own, if you've been together 25 years?

Surely it's just swings and roundabouts and his wages went on other things, in order for yours to pay the mortgage?

LadyKenya · 24/03/2024 21:58

He spends money with no thought for the future? I would have no qualms in not telling him.

WhateverMate · 24/03/2024 21:56

In your shoes I would probably keep it to myself.

But having said that, I'd never be in your shoes because no man has such redeeming qualities that I'd want to live a shit life of chucking everything on credit.

Viviennemary · 24/03/2024 21:53

It would be totally sneaky, immoral and dishonest. But up to you.

toomanyy · 24/03/2024 21:52

Absolutely keep it to yourself.

He’s benefited from you paying for the mortgage on your own for 20 years and it sounds like he will always spend more than you as he’s a spender and you’re a saver.

Keep a next egg for YOU with zero guilt.

Karensgoldleggings · 24/03/2024 21:50

Surely this lump sum is for your old age security?
How would he spend it if its in an account in your name?
Personally DH and I are completely open about our finances but you must have good reason to need to do this??

Phrogg · 24/03/2024 21:48

Save it up because it doesn't sound as through he's responsible with money.

LittleGreenDragons · 24/03/2024 21:48

If he keeps spending the monthly income with no thought to the future or emergencies then I would be inclined to keep it quiet and save it. I assume if there was an emergency you would use those savings for both of you? I'm similar to you, I like a safety net.