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“Some of them are likely to be entitled to benefits that they don’t actually claim and that could make quite a difference to their standard of living overall, so if you think this may apply to you please do call the Age UK advice line free of charge on 0800 …

He explained: “You can nominate beneficiaries for your pension in the event of your death, which must be officially submitted to your pension provider, and IHT is not generally payable. “If you die after the age of 75 though, your beneficiaries will need to pay income tax on the money …