Get a fair Divorce Settlement when Dividing your Pension...

Pensions are often one of the most significant assets owned by a married couple. There can be a number of factors for consideration when asking the Court to deal with the sharing of a pension. In addition, there are lots of different types of pensions, the rules relating to each can vary.

The Court are able to make a number of orders where pensions are concerned, including:

  • Pension Sharing Order – This is where the pension of one spouse is divided creating a new separate pension fund for the other spouse.
  • Pension Attachment Order (against income) – This is where some or all of the income from the pension is redirected following retirement.
  • Pension Attachment Order (against a lump sum) – It is possible to redirect a portion of the entirety of a lump sum, payable on retirement.
  • Pension Attachment Order (against death benefit) – For some pensions’ death benefit may be redirected in whole or in part to a former spouse.

Of course, these are just some of the orders the Court can make or can be arranged between the parties during negotiation and settlement.

If you are concerned about your pension, it is often provident to obtain legal advice early on.

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