@alissa Others have already clarified, that your pension goes to your estate if you die. However just to cover something in your question.
The entire value of your private DC* pension(s) plus any death in service benefits go to your estate. Not just the tax free lumpsum.
- DC = defined contribution pension, which is what you probably have. 90% of private pensions are DC these days. DCs are based on you and often your employer investing in the market to build a fund that belongs to you which will provide income in retirement.
Historically there were also DB ( defined benefit) pensions, which are very rare today. They have different rules as they are more a promise of pension payments in the future depending on years of service salary etc.
