Pensions & Divorce Advice
Dealing with pensions when going through a divorce is an important step to ensure that your hard-earned money cannot be claimed against after your divorce has been granted by a Judge.
There are many things you need to consider before committing to separating your pensions, such as valuations and the split.
Pensions are a hard subject to talk about in divorce which is why it’s so important to know your rights and how to approach the situation.
Information on dealing with your pension following a divorce
Use the resources on this page to find out everything you need to know about pensions in divorce.
Getting professional legal advice is always recommended when it comes to dealing with your financial settlement, this is especially the case if you have large assets, such as pension funds.
Pensions can be split in one of three ways.
- Pension sharing– receive a percentage share of your ex-spouse’s pension pot. This can be made as a lump-sum payment.
- Pension offsetting – offset the value of the pension against any other assets.
- Pension attachment order – resembles a maintenance payment that’s made directly from one party’s pension to their former partner.
If you have money and/or property to consider, we advise looking at our dedicated resources on finances and property.
Do I have to share my pension when I divorce?
Your pension should always be included in your financial settlement if you divorce or dissolve your civil partnership.
Pensions are usually one of the most valuable assets within marriage after the matrimonial home. This can, however, depend on the length of the marriage.
Once you have agreed upon your settlement you will need to write it in a legally binding consent order.
Can My Ex Claim My Pension?
You should always include your pensions within your consent order. If you don’t either party can make a claim on their ex-spouses pension, regardless of how long they have been divorced.
There have been many cases in the press showing spouse’s that have been divorced for 10+ years claiming future and further money and assets from their ex-partner.
We are the highest rated divorce provider!
We totally understand that you may be feeling cautious or sceptical about using an online divorce provider, especially when we tell you that we can help you save over £1,000 compared to local traditional solicitors.
Use this page to read through all of our reviews and see for yourself how we can help you not only save money, but also deliver a service that is more convenient for you and finalises much quicker.