Did you know the following?

Spouse/partner with no taxable income

Non-working wives and others with no pensionable earnings are entitled to invest up to £2,880 p.a. in a personal pension and to have their investment topped-up by the Government to £3,600.

Also, if one of the partners in a marriage or civil partnership has not used the whole of their personal tax allowance or basic rate tax band, they can save tax by transferring income-producing assets to the other partner.

HM Revenue and Customs has no concerns when transfers of property or investments are made in this way, but may object to transfers of shares in private companies.

Take advice from your financial adviser for more details