Wal62asking

My name was added to a savings account hitherto just in my wife’s name in October. Does the 50% split of the interest relate to that accrued for the whole tax year of from the date when my name was added thus making it a joint account.

Reference post by Vin Chan I also have gifted my wife some cash from my savings, whilst I understand that the gift itself is tax freemmy concern is that this will obviously reduce my tax on the interest of the remainder of my savings as I am a higher rate tax payer. My wife would then in effect benefit from the interest of the gift as my wife does not have any other income. Would this been perceived as avoidance and be penalised by HMRC

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