Giving cash to my wife

Hi, I want to give money to my wife. It will be her money. She would like to save for the future and keep that money on her ISA account or a SIPP account. Does she can do it? Any tax implication?

Hi,

There are no Income Tax implications on the giving or receipt of cash gifts, but you may wish to speak to our Inheritance Tax team regarding any Inheritance Tax implications.

Rules on giving gifts

Inheritance Tax: general enquiries

You may also want to review the guidance here:

How Inheritance Tax works: thresholds, rules and allowances

There are no Income Tax or Capital Gains Tax implications on the transfer of assets between spouses or civil partners.

Thank you.