Martin Lewis says 'don't' to anyone with a private or company pension

Martin Lewis is warning the millions of people in the UK with a private or workplace pension.

The finance guru is known for his tips and tricks to save people cash and to make sure nobody misses out on what they are owed. Amid the ongoing cost of living crisis, the Money Saving Expert founder's advice has never been more needed.

On Monday, Mr Lewis re-shared a previous tip, and warned people they could accidentally leave huge sums of cash to an ex-spouse. He reminded people that workplace or private pensions cannot be left to a person in your will, you have to nominate a beneficiary separately.

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Mr Lewis' post on X said: "Warning. Don't accidentally leave your pension to your ex! You CAN’T leave pension savings in your will. Die before taking your private/company pension and the provider/trustees decide what to do with it.

"An expression of wishes (or nomination) form tells them your preference. Fill one in (your provider should have them). If you have, but years ago check it’s up to date or as I was told…

"'Colleague's ex-husband was still on her nomination form. Family had to contest. Nightmare for all involved'".

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