Step 1: Understand Why It Matters

• Pensions usually sit outside your will.

• This means if you die, the pension provider/trustees decide where the money goes — unless you’ve nominated someone.

• Without a nomination:

  • Money could take longer to be paid out.

  • Your wishes might not be followed.

  • Family disputes can arise.

• Some pensions (especially defined contribution schemes) allow a lump-sum payout, which could be tax-free depending on age at death.
  

✅ Tip: Think of a nomination form as your "mini-will" for your pension pot.

Step 2: Find Out Who Your Current Beneficiaries Are (If Any)

• Log in to your pension provider's online portal.

• Or ask HR / your pension scheme administrator.
  

✅ Tip: Some old pensions you forgot about might still exist. Check your full pension history!

Step 3: Complete (or Update) Your Nomination Form

• Most pension schemes call this an "Expression of Wish" form.

• You'll need:

  • Full names of beneficiaries

  • Relationship to you

  • % split (if multiple beneficiaries)
    

✅ Tip: You can name anyone — spouse, child, partner, friend, charity — not just family.

Step 4: Update It After Major Life Events

• Key times to review your nomination:

  • Marriage or divorce

  • Birth or adoption of children

  • Death of a previous nominee

  • Major financial changes

  
  

✅ Tip: Divorce does not automatically remove your ex from your pension benefits. You must update the nomination!

Step 5: Let People Know Your Wishes

• Tell your family or executor that you've made a nomination.

• Store copies of any confirmation emails or forms safely.
  

✅ Tip: While your nomination isn't legally binding, pension trustees strongly consider it and usually follow it unless there’s a major reason not to.

Step 6: Check Each Pension Scheme Separately

• Each scheme needs its own nomination form.

• Workplace pensions, SIPPs (Self-Invested Personal Pensions), and legacy pensions all require their own paperwork.
  

✅ Tip: Even if you consolidate pensions, double-check that the new provider has your latest beneficiary details.

Summary

Nominating your pension beneficiaries ensures that your loved ones can access your pension savings quickly, efficiently, and (often) tax-free if you pass away. It's critical because pensions usually do not follow your will.

Regularly updating your "Expression of Wish" forms after life changes — like marriage, kids, or divorce — avoids confusion, delays, and family disputes. It's one of the simplest but most impactful financial actions you can take to protect your family.