What You Would Receive

Summary for Keith's wife  ·  Based on current laws  ·  June 2026

Estimated total you would receive
~£375,000+
Plus the house outright + your own ISAs (£40,000) + your pension £100/mo from 2030 + any SpaceX IPO proceeds
Immediate & guaranteed
🏠
The house AUTOMATIC
Full ownership
House is in joint names. Ownership passes to you automatically — no probate, no delay, no tax. You become the sole owner immediately.
🛡️
Whole of life insurance GUARANTEED
£65,000
Guaranteed payout for approximately the next 5 years. Tax-free lump sum. Paid directly — fast, no probate needed if written in trust. Check it is written in trust (ask insurer).
Pension pots — pass directly to you
📈
H&L SIPP (drawdown pension) TAX-FREE if before age 75
~£40,473
Passes directly to you outside of the estate. If Keith dies before age 75 (next 9 years), you receive this completely free of income tax. After 75, you'd pay income tax at your rate when you draw it — but it's still yours. Keith must have a nomination of beneficiary form naming you on file with H&L.
🔒
Aviva pension 1 TAX-FREE if before age 75
£45,500
Same rules as above. Passes to you directly. Tax-free if Keith dies before 75. Nomination of beneficiary form required.
🔒
Aviva pension 2 TAX-FREE if before age 75
£40,600
Same rules as above.
ISA — tax-free status preserved
💼
Keith's ISA (stocks & shares) TAX FREE
~£33,000
You inherit Keith's ISA with its tax-free status intact via an Additional Permitted Subscription (APS). You absorb it into your own ISA — it doesn't count against your annual ISA allowance. Your existing Barclays ISAs (£40,000) are unaffected.
Crypto
₿
Cryptocurrency holdings ACCESS CRITICAL
~£20,000
90% held on a cold wallet (hardware device). Without the seed phrase / recovery words, this cannot be accessed by anyone. Keith must ensure you know exactly where the device is and have the recovery words stored safely. The 10% on KuCoin (exchange) is more straightforward to access with login details.
Additional H&L pension pot
📊
H&L SIPP — second pot TAX-FREE if before age 75
£47,000
25% tax-free lump sum (~£11,750) still available for Keith to take if needed. Remaining 75% (~£35,250) passes to you on death — tax-free if Keith dies before 75, taxed as income after 75. Nomination of beneficiary form required on this pot too.
Government state pension
🇬🇧
Keith's state pension LIMITED
Small amount only
Under the new State Pension rules, the state pension generally does not pass to a spouse. You may inherit a small "protected payment" if applicable — contact the Pension Service to check your specific entitlement. You keep your own state pension in full.
🇬🇧
Your own state pension CONFIRMED
£100/month
Starts 2030. Yours in your own right — completely unaffected by Keith's situation. This is on top of everything else listed here.
Your existing assets (already yours)
🏦
Barclays ISAs (2 accounts) YOURS
£40,000
Already in your name. Completely unaffected. Tax-free.
⚠️ Things that need to be done now
☐ H&L SIPP — confirm nomination of beneficiary form names wife
☐ Aviva 1 & 2 — confirm nomination of beneficiary on both policies
☐ Life insurance — check it is written in trust (avoids probate, faster payout)
☐ Crypto cold wallet — ensure wife has device location + recovery seed phrase stored safely
☐ Make a will if not already done — sets out everything clearly
☐ Check wife's own state pension forecast at gov.uk/check-state-pension
⚠️ Note on pension inheritance tax — April 2027: The government has announced that from 6 April 2027, unused pension pots will be brought into Inheritance Tax. Spouse-to-spouse transfers are generally exempt from IHT, so this should not affect you directly as Keith's wife. However, this is worth reviewing with a financial adviser closer to 2027.