Your pension is likely to represent a significant proportion of your overall wealth, so it's important to understand what happens to this money when you die. If you've already made plans to pass money ...
My wife and I are both 41, with two young children, aged 6 and 4, and never considered inheritance tax an issue until the Budget raid on pensions. Our house is worth about £1.2million with a £ ...
In 2024-25, the full level of the new state pension is £221.20 a week or £11,502.40 a year. This rises to £230.30 a week (£11,975.60 a year) from April 2025. But you won't necessarily get this amount.
I don't want this to become the responsibility of my wife and son. During a conversation with a financial adviser last year I was asked if I had any deferred pensions from previous employment.
As with so many pension questions, unfortunately there’s no simple answer to ‘What happens to my pension when I die?’ as it depends on the type of pension you have, whether you’ve already started ...