Wifes tax allowance

peatda01

Probably been asked many times before but here goes.

I am retired and in receipt of a Company pension, my wife doesn't work or receive a pension. Is there any way in which I can make use of her tax allowance? We are both below 65.

CLAPTON

you can put all the savings in her name as she will pay no tax up to 6475 per annum

Mikeyorks

Not directly. But you can use it indirectly by moving taxable assets in her direction .... such as deposits which attract taxable interest.

Too late for any pension planning to even out the income.

(Sorry Clapton .... you weren't there when I started!)