Handling Pension Funds

Pensions can feel like a maze after someone’s passed, but you can sort it out. We’ll show you how to contact providers and check for benefits, which often escape inheritance tax before April 2027. You’re not alone; here’s how to get started, step by step.

Step 1: Find the Paperwork

Look for pension statements; they’ll name the provider, whether it’s a workplace scheme or private plan. Check old letters or files for clues. It’s the first piece you need to get moving.

Step 2: Locate Contact Details

Find the provider’s phone number or email on those statements, or visit their website. Most list a bereavement contact; it’s there to make this easier. You’ve got this under control.

Step 3: Notify the Provider

Call or write to them, let them know about the death, and have the death certificate ready. Ask what benefits are due; some pensions pay out lump sums or ongoing support. It’s worth knowing now.

Step 4: Understand the Tax Bit

Good news; pensions are usually free from inheritance tax until April 2027. Confirm this with the provider, so you’re clear on what stays in the pot. It’s one less worry for you.

Tip: Note down what they say about benefits; it’ll help when you’re sorting probate later.

Step 5: Plan the Next Move

Once you’ve got the details, you’re set to include it in probate or pass it on. It’s a key step done, and we’ll guide you through what’s ahead.

Extra Support

Need a hand? Pension provider websites often have bereavement sections, or give us a shout; we’ll sort it like pros.

---

You’re doing brilliantly, on to the next step with us by your side.