Can My Pension Be Transferred To Another Person
Published / Last Updated on 29/07/2019
A question often asked is whether you can put your pension in someone else’s name. The answer is no, this can only usually been done on death or divorce.
Your pension is a benefit that has been built up in your name solely and has attracted tax benefits over the years in your name only.
Your pension cannot be transferred into the names of loved or others with the exception of:
- Death - the pension fund is payable tax free to loved ones if you die before age 75 and taxable on the recipient if you die after age 75
- Death - if you have an annuity and there is a spouses annuity benefit built in to it
- Divorce as part of a pension sharing order, a pension can be transferred into the name of your former spouse
