Three tips for passing your pension on to your loved ones

While your pension planning should be based on achieving a comfortable retirement it does make sense to think about what would happen in the event of your death.

There are some things you’ll want to bear in mind about passing on your pension to the people you care about most. Here are three tips for passing your pension on to your loved ones. Do you consider your pension an asset in the same way that you think about assets like property, bank accounts, cars, and investments?

Some people see pensions differently to those types of assets, but the truth is that your pension is another valuable asset (sometimes worth even more than the family home). That’s why planning for what happens to your money when you die should include planning for what happens to your pensions too.