What Happens to Your Pension When You Pass Away? Understanding the fate of your pension after you’re gone is crucial in financial planning. Here’s a quick guide to ensure your loved ones are taken care of: 1. Pensions Are Separate: Your pension doesn’t automatically go through your will. It’s essential to fill out an “Expression of Wish” form to specify who should receive your death benefits. This allows you to guide the trustees on your preferences. 2. Defined-Benefit Schemes: If you’re part of a final-salary scheme, your spouse or civil partner may receive a pension for life or a lump sum. Eligible dependants can also include children under 23 or those in education. 3. Keep Your Nominees Updated: Life changes—marriages, births, and other events can affect who you want to inherit your pension. Regularly revisit your nominations. Pro Tip: Check with a financial adviser to ensure your pension plan aligns with your overall estate planning goals. How have you planned for your pensio...