Can my husband or wife pay into my pension?

There are several groups who could boost their pension if someone else pays into it for them. Those who aren’t working because they’re bringing up children or grandchildren, or those who are caring for family members, or anyone who is earning less and who can’t afford to pay more into a pension could be helped.

If the woman is the main breadwinner, she could pay into her husband or partner’s pension. Parents and grandparents can also set up a pension for their child or grandchild. Find out more about this in our article Financial gifts for young children: what are the options?

Bear in mind that if you are paying into a pension on behalf of someone else, under current rules, they can’t access these funds until they reach the age of 55. The government has confirmed that this will increase to 57 from 2028.

If you’re not sure whether your husband or partner should pay into your pension, or you should contribute to their retirement savings, you should seek professional financial advice. You can find a local financial advisor on VouchedFor or Unbiased, or for more information, check out our guide How to get advice on your pension.

If you’re considering getting professional financial advice, VouchedFor is offering Rest Less members a free pension check with a local advisor. There’s no obligation but once you’ve had your review, the advisor will discuss the potential for an ongoing paid relationship if you think it might be useful to you.

Author: wpadmin

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