How to boost your partner’s pension with a potential £16,000 tax break

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The perfect Valentine’s Day gift? Paying into your partner’s pension could’ve resulted in over a £17,000 tax break (and counting) – here’s how.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 14 February 2024

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Flowers, chocolates, and romantic dinners are traditional tokens of romance on Valentine’s Day. But you could consider a slightly different gesture of love this year. Paying into your partner’s pension.

Not only will you be investing in their future, but you’re also showing your commitment to building a lifetime together. We know pensions aren’t the most conventional or romantic option for a Valentine’s Day gift. But here's why paying into your partner's pension could be the most meaningful Valentine's gift you can give.

This article isn’t personal advice. If you’re not sure what’s right for you or your partner, ask for financial advice. Pension and tax rules can change, and benefits depend on your circumstances. You can’t normally access money in a pension until you’re 55 (rising to 57 in 2028). Scottish tax bands