Can I Give my Pension to my Wife?

My wife doesn’t have much of a pension and I want to make sure she is financially stable once she retires. Am I able to give my pension to her?

Question asked by Peter Busby
Are You Pension Happy?
Call us on 02084327334
I know how much my pension is worth
I know how much my pension costs
I have clear financial goals for my retirement

Answered by Neil Adams

The short answer is no, you can’t transfer your pension into your wife’s name. The only way your wife can get a share of your pension pot is if you were to get divorced, in which case she could claim a percentage of your pension and move it to another fund but understandably few people want to go to such lengths!

You can, however, pass on your pension to your wife inheritance tax-free when you die, provided you name her as your beneficiary.

Making pension contributions for your spouse

Alternatively, you could make pension contributions on your wife’s behalf. This is particularly useful if you’re close to using your pension annual allowance, the maximum amount you can pay into your pension per year. If that’s the case, you could make contributions to your wife’s pension instead and she’ll get the tax relief.

Can I give some of my pension to my wife?

if your wife is a non-taxpayer, you can still make pension contributions for her on her behalf up to a maximum of £2,880 per year (which will be grossed up by HMRC to £3,600). If she works, you can make contributions on her behalf of up to 100% of her salary each year.

If there’s enough time left until you’re wife’s retirement, you may be able to build up a pension pot for her in her own right. To calculate how much her pension could be worth at retirement, use our Pension Pot Calculator here →

Planning your retirement…

If you are considering using some or all of your pension to buy an annuity, or income for life, when you stop work, you should consider buying a joint annuity, if your spouse has little or no pension income in their own right. This means that payments will continue to be made to your wife if you die before her. If you buy a single policy, she won’t receive any income once you die.

It’s a good idea to seek professional pension advice to help you decide the best way to provide you and your wife with an income in retirement. Please call us if you require assistance.

pension transfer
wife's pensions
retirement planning
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Start your journey today...
  Find out how a Drewberry financial adviser can help you reach your destination by making the most of your finances.
Call us on 

Frequently Asked Pensions Advice Questions

I’m approaching retirement and have built up a defined contribution pension pot over my working...
Unfortunately my passing is inevitable and I have quite a big pension fund I’m unlikely to use...
I’m in the middle of looking at retirement options and I’m not really sure I understand the...
Now that I’m nearing retirement, I’m trying to rationalise my various pensions so I can see...
Need Help? Live chat now and get an instant answer from our Experts...


Our Latest Reviews
Matthew Draper

Excellent service at convenient times of the day specified by me. All product options were clearly outlined and I am very pleased.

Paul Devine

First class service. Helped me through the process from start to finish. Egle and Francis were very professional and talked me though all my options. Once the policies were set up, the after care after was also first class. Highly recommend. 5 stars all day long.

Josip Marjanovich

Victoria was very helpful about selection of suitable insurance. She always answered all questions in a timely manner.

We are rated 4.9/5 based on 1512 independent client reviews.
To read more of our independent client reviews click here →
4.93 / 5 Average
652 Reviews
Verified Buyer
Overall Rating
The whole process was a pleasure. Drewberry we're easy to deal with, polite, knowledgeable and helpful
Verified Buyer
Overall Rating
Very good, clear service would recommend to friends and family
Overall Rating
Sam Carr provided an efficient and professional service.
Verified Buyer
Overall Rating
Sam Carr provided a professional but enthusiastic service and helped make the whole process very straight forward. Goodness knows I have been through enough application forms recently. My insurance product was never going to be easy to find and I had been rejected on a number of other occasions through others ironically due to well managed common health conditions. I identified Drewberry in a last and disappointing trawl on th web to find someone that actually wanted to take on a difficult case like me. Some brokers wouldn't even consider me. When we applied for my first choice product Sam wasn't at all deterred by the long wait for my GP report or the final rejection that came back from the insurer, sadly I have become used to it. Within a day he had lined up the second choice and to my surprise he had hit the nail on the head and introduced me to the correct insurer and terms for my needs whilst nogotiating an excellent premium. I am extremely satisfied with what Sam has achieved for me and I would have no hesitation in recommending either him or Drewberry to friends, family and and business contacts. In the future, Drewberry will be my first point of contact. Many thanks!
Overall Rating
Tailored to my need and the staff gave very good service