Giving your pension to someone elses

W00d1e

Hi
My girlfriend wants to give me her small pension fund, in other words put it into mine. Is this possible? Thankyou in advance

McKneff

I wouldn't have thought so to be honest.

jamesd

The only way I know to achieve this is to marry her then divorce her and transfer the pension to you as part of the divorce settlement, with a court order telling the pension provider to do it. Civil union can be used instead of marriage.

Linton

W00d1e wrote: »

Hi
My girlfriend wants to give me her small pension fund, in other words put it into mine. Is this possible? Thankyou in advance

She cant. As a non lawyer, my understanding is that strictly speaking you dont own your pension. Its held in trust for your benefit. So you cant give it away. But then, it not being yours, any creditors can have no claim on it.

If she is 55 or over from April she could withdraw the money and give that to you, but I guess this doesnt apply.

dunstonh

its not hers to give. Its a trust for her benefit.

Annisele

Expanding slightly on Linton's point, I think that if she's 60 or over and her total pensions are worth £30k or less, she can cash them in now and give you the money. Then you could pay the money into your pension (assuming your income is high enough, and doing that doesn't take you above your contribution limit).

Maybe you could expand a bit more on why she wants to do that? It's an unusual thing to want to do, and there might be other options that achieve whatever it is you want.