A Guide to Pensions and Divorce

Breaking up is hard to do!

A Guide to Divorce and Pensions

Divorce and pensions are very significant. A pension could be a couple’s most valuable matrimonial asset, in some cases worth more than the equity in the family home. As such, it is important that pensions are considered in the financial settlement if a couple decides to divorce or dissolve their registered civil partnership. All the money you’ve saved into it (except for your basic State Pension) will be taken into account when your assets are divided.

Pensions are an important factor
A Guide To Pensions and Divorce:
Pensions are an important factor

They’re easy to access, save into and pay some interest. A recent change for all savings accounts – including children’s – is that tax… Read More »

What happens in divorce
A Guide To Pensions and Divorce:
What happens in divorce

When a pension is divided or shared, this does not mean that you will receive a cash lump sum – although in certain circumstances where… Read More »

To download the full guide please click here.

Divorce is an arena fraught with acrimony – want to chat about your options?

When disputes arise within families, emotions run high and rash decisions can be made. This is why divorce is an arena fraught with acrimony.

To discuss your situation or for further information, please contact us.

[1] The research was carried out online for Scottish Widows by YouGov across a total of 5,314 nationally representative adults in April 2017. Additional research was carried out by Opinium across a total of 5,000 nationally representative adults in September 2017.
[2] ONS Earnings and working hours www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours
[3] Based on Ministry of Justice figures showing there were 11,503 ‘pension sharing orders’ in the year to March 2017, and ONS data that showsthere were 107,071 divorces in 2016.

INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM, TAXATION ARE SUBJECT TO CHANGE.

THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE.