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Posted Sun, 23 Jul 2023 08:57:29 GMT by Wal62asking
Can I transfer some of my tax free pension lump sum into my wife’s savings accounts to make use of her personal allowance on the interest. If so is there a limit on the amount of interest she can earn? Currently has no other income other than carers allowance at current rate Also can that interest be used to pay for household bills and general expenditure
Posted Mon, 31 Jul 2023 13:03:25 GMT by HMRC Admin 32 Response
Hi,

Please see below with regard to interest.

Tax on savings interest

Thank you.

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