Transferring my workplace pension to someone else

nb0825

I currently have a workplace pension I've been paying into for several years (my employer has also contributed to it). Although, I'm still a few decades off being able to withdraw it. My mother on the other hand, doesn't have any pension at all and is nearing 55. Would she be able to set up a personal pension and I transfer my pension pot to her, then withdraw 25% of the total tax-free?

AnotherJoe

You cannot do this.

dunstonh

The pension is not yours to gift to someone else. So, no. you cant do it.

kidmugsy

nb0825 wrote: »

I currently have a workplace pension I've been paying into for several years (my employer has also contributed to it). Although, I'm still a few decades off being able to withdraw it. My mother on the other hand, doesn't have any pension at all and is nearing 55. Would she be able to set up a personal pension and I transfer my pension pot to her, then withdraw 25% of the total tax-free?

Nope. But she could go through the merry procedure of contributing to a pension now and then starting to draw out of it when she reaches 55, if she wants to.