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

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.

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 your 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 may 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.

Our Services & Tools

Get In Touch

Do You Need Some Help?

Our purpose is simple: Improve Your Financial Wellbeing.

We use clever technology to bring your financial future to life 🤓

See Your Financial Future
  • Find, organise and simplify your Pensions, ISAs and other investments.
  • Plan your financial future and put a strategy in place to achieve this.
  • Regularly review how you are doing to make sure you stay on track.

Pension Pot Calculator

Pension Drawdown Calculator

Final Salary Calculator

Contact Us
Head Office & Pensions and Investments
Senator House
85 Queen Victoria Street
London
EC4V 4AB
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Drewberry London Office MapDrewberry Brighton Office Map
Our Core Principles
  • 1You Come FirstWe are a client focused business who always aim to put you first.
  • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
  • 3We are HumanWe are real people with feelings who are here to help you.
  • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
  • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.
Finalist - Moneyfacts AwardsFinalist - Cover Excellence AwardsHighly Commended - Protection Review Awards
Proud member of AMII (Association of Medical Insurers & Intermediaries)Proud member of Money Advice ServiceProud member of UnbiasedProud member of BIBA (British Insurance Brokers' Association)

If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is www.financial-ombudsman.org.uk.

Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.

Cookie Use

Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacycookie policy.