Pensions are essential for retirement planning, but their fate after death must also be considered.  In this article, we look at how you can ensure the smooth transfer of pension benefits to your loved ones. We also review the key steps your Executor or personal representative will need to take.  Around 79% of UK residents contribute to a pension, demonstrating their importance for financial stability in retirement. Understanding how pensions impact UK inheritance tax (IHT) is critical, as exceeding £325,000 per person in the UK can result in a 40% tax on the estate. If a pension holder dies before [...]