Since retiring from full time work, I’ve accrued a small pension from a part time job. This pension is now closing and will be offering me alternatives concerning my pension pot. Is it possible (and legal) to have them refund the full amount but directly into my wife’s bank account? As she does not pay tax, this would be advantageous.
I’m not sure at the moment if this is even possible, but if it is I would save on any tax implications that would otherwise come my way.
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