Nominated beneficiaries: Another gift for your loved ones

It’s the giving season, and in last week’s blog we gave you three wise tips to help you with your expression of wish forms. Naming who you’d like your pension benefits to go to if you die before you start to take them is one of the most important things you can do as a pension scheme member.

This week we’ve got three more wise tips as a gift for you and your loved ones.

💡 Wise tip 1

Make or update your will

It may not be the first thing you think of at this time of year, but making a will could be one of the best gifts to give the people who matter to you. Not sure where to start? We’ve got it covered.

Find out more about making a will.

💡 Wise tip 2

Give your loved ones the power to help

You can appoint people to make important decisions about things like money, housing and care, if you become unable to make decisions yourself. It’s known as lasting power of attorney.

Find out more about lasting power of attorney.

💡 Wise tip 3

Check your inheritance tax

Have you done everything you can to make sure your beneficiaries won’t pay more tax than they need to? The government’s MoneyHelper website has an easy guide to inheritance tax.

More wisdom

Thanks to your employer’s partnership with Aspire to Retire you’ve got access to our resource centre – your personal online library of pensions wisdom. Check out the section on protecting your loved ones for more useful tips.

Warm up your winter with our wise tips

Aspire to Retire