Martin Lewis issues stark warning to people with any type of pension pot

Martin Lewis has issued a stark warning to millions of people across the country who are paying into a workplace or private pension scheme. According to the latest Department for Work and Pensions (DWP) figures, in April 2023 some 22.3 million employees across the UK were saving for their retirement through a workplace pension.

However, many people building a pension pot to help boost their retirement lifestyle may be unaware you cannot put a pension into your will. In the latest edition of the MoneySavingExpert (MSE) newsletter, the consumer champion explained the only way to ensure your private or workplace pension goes to the right people (or person), is to complete an 'Expression of Wishes' form with your employer. Martin said: "Die before taking your private or company pension, and the provider / trustees decide what to do with it.



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