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In the UK what happens to the money in my pension fund after I and my wife die?


In the UK what happens to the money in my pension fund after I and my wife die?

depends, mate

for sure though, you can find out by asking the pension fund, can't you?

if u dnt hav any family government!

they keep it 4 themselves

it goes to whoever you wanted to give it to... like your kids
and they would have to pay bills with it
and get the leftovers

You planning on dying before you get it then -

If you do you'll be handing it over to good old Gordon Mugger Brown in some way shape or form

It goes to the pensions company

to your eldest child if you have one, then if not then im not sure sorry!!

well any extra money left will go to waste unless you write a will to give it to someone, thats just it if you dont legalise it somewhere the goverment take it. so get it signed on your will who you want it to go to. talk to a solicitor that deals with wills and probates

The monies will go to your next of Kin, or who ever you state in your will.

It is given to another needy pensioner.

it will eathier go to your son or who ever you are wiling to give to
you can also give to some sort of charity or health funt just go see the charity you would like to give to and tell that you want to give the money to them once you die. if you have agreed about that. but beacuse it is pension money i think there might be a possibilty of it going back to the gevornment.

That is why you write a WILL!

If it has a surrender clause it goes to your N O K. Sorry. Next of kin.

You will see from the variety of answers that there really is no point asking anyone other than your pension company. You may have used it all up anyway.

I thought the Pension fund died with? but maybe I'm wrong?

Your pension fund is their to provide you and maybe your wife with a pension, when you die the pension contract is over, the money belongs to the pension fund.

It pays for MP's salary increase!!

Which means the more people that leave this mortal-coil the bigger their pay rise??!!

Insurance Company keeps it!

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