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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To be worried about future with older partner who has no private pension?

230 replies

powerwashingqueen · 20/08/2024 18:04

I'm early 40s, he's mid-50s, been together 15 years. Not married, no kids and no plans to have them.

He doesn't talk much about finances. We pay for the house and bills proportionately based on annual income, so it's around 70% me, 30% him, which leaves us with similar 'spare' money.

I've found out today that he has no private pension or retirement plan whatsoever, and it's made me feel really anxious. I've asked him how he plans on funding himself when he retires on, what I'm assuming will be, just the bog standard pension. He just kind of shrugged and said I'll still be earning for another 15 years after he retires.

I have a very healthy pension pot, which I've paid into since starting work aged 21.

I had to take myself away to the study and told him to leave me alone for a bit. It sounds as though he's just expecting me to continue to work and pay for everything. Yes, I am younger and will be working for longer, but I don't think that means I should just stump up for everything, especially when I already pay so much more.

AIBU to be pissed off about this?

I don't even know what options he has available at this stage in his life.

OP posts:
Maray1967 · 20/08/2024 18:12

Wow - what an assumption on his part! I’d tell him he needs to work out how he’ll fund his share of the household expenses when he retires as you’re not increasing yours.

powerwashingqueen · 20/08/2024 18:11

His working history is a bit odd- he's done stints of self-employment and some flexible hours arrangements following some health issues. He's currently contracted but part-time. I'm assuming that means he'd get state pension?

It's worth noting that both his parents are still alive and healthy, in their 80s. They have a house worth somewhere around 750k. Maybe he's expecting money from that as inheritance?

OP posts:
IDespairOfTheHumanRace · 20/08/2024 18:11

Yup, you have a Grade 1, stereotypical, feckless 'cocklodger' on your hands - I take it from your post, and the division of financial input you have described, that you are the higher earner and more fiscally savvy?

Mainoo72 · 20/08/2024 18:08

I’d be fuming. Why isn’t he paying into a pension? He needs to start now. Will he get a full state pension?

There’s no way you should be funding his retirement. You need to tell him this.

TemuSpecialBuy · 20/08/2024 18:07

You are a prime "nurse with a purse" candidate and are already being trained to subsidise him,.

The age gap plus lack of financial planning would have me running for the hills.

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