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.
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 ...
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.
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 £ ...
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 ...