Pensions are not considered part of your estate, and generally not subject to inheritance tax. You can specify who you would like to benefit from your pension, as this won’t be covered in your will.

You can do this with your pension provider using a nomination form or Expression of Wish form. Many modern providers allow you to do this by logging into you pension account on their website.

This doesn’t apply to the state pension.

You can nominate anyone you like, including family, friends, and charities. We strongly advise you take care of any financial dependants first. So, for example, you could nominate a large share for your spouse, and a small share for a charity like the East London Mosque Trust.

As with all financial matters, we strongly recommend you seek independent expert advice on your pension, including what you would like to happen after you die.