The State Pension saw the biggest increase in years this month, thanks to the Conservative triple lock system. If you have 35 years on your record, you will now receive the full pension of £175.20 a week instead of £168.60. This is an increase of more than £300 a year. But what happens to your Pension if you die? And what do you about your other half’s Pension if they die? Express.co.uk chats to Maike Currie, director for workplace investing at Fidelity International to find out more.
What happens to your State Pension when you die?
Maike said: “Despite state pensions being the one retirement income that almost everyone will get, the rules around what happens to your state pension when you die are even more complex here than anywhere else.
“Generally, it is no longer possible to inherit a state pension from a spouse or partner.
“The main exception is where you have built up entitlement to additional state pension that is now protected.
“There used to be a ‘widow’s state…