Pensions & Divorce
If you get divorced your pensions should be taken into account in the settlement.
Pensions don’t need to be shared, but they should be taken into account when deciding how your money and assets are split up.
Don’t forget your pensions may be a significant asset, after a house, and shouldn’t be overlooked.
Both parties should tell the Court and or your solicitors the value of your pensions.. You can find out about the value of your pension by asking your company scheme administrator or your personal pension provider.
There are several options divorcing couples can take, when thinking about splitting their pension assets during a divorce. These include:
- Pension sharing order
- Pension attachment (Pension earmarking in Scotland) order
- Pension offsetting
- Individual agreements
Getting divorced can be stressful and complicated so you should take regulated financial and legal advice