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Own money/pension pot

(31 Posts)
Daisymae Mon 12-Jul-21 15:56:44

Sounds like you will be the one who is supporting you both in retirement. He has a problem but is refusing to acknowledge it. When funds run out he will in all probability start to look elsewhere to fund his addiction. It is an addiction and an illness. Help is available but only if he asks for it. The only thing you can do is speak to him and let him know that his secret is out and your financial future is at risk. I would also take steps to protect your own finances as much as you can.

travelnan Mon 12-Jul-21 15:55:02

Be very careful Young Nannie. I know of a case where the wife suddenly found out that her husband had taken a second Mortgage on their house. He had forged her signature on the documents. It transpired that this was to cover his gambling debts. I would keep a very strict eye on all the post coming to the house and be very wary of any suspicious phone calls etc.

JaneJudge Mon 12-Jul-21 15:49:22

Is you marriage otherwise happy?

If it is I suppose you encourage him to seek help for his gambling addiction and if he'll do that you support him.

If not, you need to seek legal advice to freeze your assets as it sounds like he has a very serious problem

Sorry to be so blunt but you go round the houses with this one

dogsmother Mon 12-Jul-21 15:44:33

He has a problem and if you are relying on a joint financial future you are in trouble sadly.
I feel you need to do something really quickly to protect yourself and your finances. I don’t know where you should start but you must!

cornishpatsy Mon 12-Jul-21 15:42:59

If it is a joint pension how can he access it without you?

To me gambling is a waste of money however if it is his money he can do what he likes with it.

YoungNannie Mon 12-Jul-21 15:39:06

Hi there! First ever post. I am early 50's and husband few years older. I've recently discovered by accident (because he won't have his bank statements lying around the house and shreds them as soon as he receives them) that he has gone through £25k of his pension installment (which I knew he was applying for ) in just under 3 years - that's as well as working decent job full time.

In addition (and not to my knowledge) as the funds were dwindling he has approached his pension provider for another payout letting me believe he still had a lot of his original left.

In addition he has had other small windfalls in the last couple of years.

So when a bank statement arrived I found it - one day alone was £1100 on gambling and he has admitted that he plays on line when he is bored and its never normally that much (just the 3 months I viewed the statement for conveniently!).

He's adamant its his money to do what he wants with even though I stress its our future joint pension money (I work full time too and we have a similar income and future pension pot). We pay everything for the house/holidays etc 50/50.

He says as long as he is paying his share of the house etc its his money to do what he wants with and is none of my business.

How would you react?