My wife has now given up work to become a housewife.  She has a pension pot of £50,000.  I continue to work and contribute to my pension which is currently also about £50,000.

As a 40% tax payer, I make a small AVC every month as I know the government also then contribute.  I understand that for evey extra £6 I put in, the government puts in £4.

My question is this.

Should we continue to fund my wife's pension in order to make the pension pot grow....or should we just cash it in (no idea what we would get at this stage) and use whatever cash we recoup, to drip feed into my pension every month?  We could surely grow my pension pot at a far greater rate than if we kept my wife's going without any tax incentives.

I am aware that I can only make AVC's equivalent to one months salary at a time.

Any help greatly appreciated.

regards,

MArk