Bartletts Solicitors

Helping Chester & Wrexham Families & Business For Over 158 Years

Call Us Free  Phone  0800 988 3674  or Mobile  Mobile 0333 200 4465
  • Home
  • About Us
    • Wrexham Office
    • Matthews Lewis Hoole Solicitors
    • Our Commitment to Wales
    • Our Costs
    • Careers
  • Our Services
    • Personal Injury
      • Free Personal Injury Enquiry
      • Accidents At Work?
      • Accidents In A Public Place?
      • Animal Attack Personal Injury Claims
      • Children’s Accident Claims
      • Compensation Claims Settled
      • Construction Site Injury Claims FAQs
      • Cosmetic Surgery Compensation
      • Defective Product Injury Claims
      • Dental Negligence Claims
      • Head Injury Compensation Claims
      • Holiday Accident & Injury Claims
      • Hospital Negligence Claims
      • Industrial Disease Claims
      • Medical Negligence Claims
      • Military Injury
      • Motorbike & Cycling Accidents
      • Office Accident Claims
      • Road Accidents
      • Slips, Trips & Falls
      • Sports Personal Injury Claims
      • Warehouse Accident Claims
    • Housing Disrepair Claims
    • Residential Conveyancing
      • Conveyancing Fees
      • The Conveyancing Process
      • Buying Your New Home
      • Conveyancing Quote
      • How To Avoid Being Gazumped
    • Commercial Conveyancing
      • Landlord and Tenant
      • Business Leases
      • Buy To Let
    • Family Law
      • Divorce
      • Divorce In Older Age
      • Civil Partnership Dissolution
      • Frequently Asked Questions About Family Law
    • Wills & Probate
      • Wills
      • FAQs About Wills
      • Will Disputes & Inheritance Claims
      • Probate
      • Estate Administration
      • Prices For our Wills & Probate Services
      • Power of Attorney
      • What to do when a loved one dies – A legal guide
      • Trusts
      • Life Interest Trusts
      • Dependancy Claims
      • Planning For Long Term Care
      • Tax Planning
    • Fixed Prices For Motoring Offence Services
    • Agricultural Law
      • Farming Tenancies legal advice
      • Contract Farming/Share Farming Agreements
      • Capital Gains Tax
      • Planning Succession to Farms
      • Conversion of redundant buildings & barns & tax consequences
      • Environmental Law Issues
      • Development Options for Farm Land
  • Reviews
  • Meet Our Team
  • News
  • Contact

How Do I Protect My Pension If I Divorce?

Separation is never easy, whether you’re divorcing your spouse or partner amicably or not, it’s a stressful time – especially when there are financial considerations to resolve such as pensions. Usually, the former matrimonial home is the largest asset in a divorce settlement with pensions the next biggest asset. So, it’s important you take steps to protect your pension if you’re considering or facing a divorce.

3 Ways To Protect Your Pension

Depending on your personal circumstances and financial situation, there are 3 main options available to you for protecting your pension when you separate:
  1. Pension Offsetting This lets you keep your pension in its entirety by compensating your spouse or partner for the loss of a share in your pension by giving him or her a bigger share of other assets on offer as part of the divorce settlement. Whether this option is right for you will depend on the value of your pension as well as the other assets.
  2. Pension Sharing Part of your pension is taken and paid into a separate pension scheme in your spouse’s name, with pension sharing. Among the factors to consider with this protection choice is how many years you have remaining to pay into your pension scheme – as any and all future contributions would only go into your pension pot, it may be you can boost your pension fund again before you retire.
  3. Pension Attachment Order This enables a court to order that maintenance be paid to your spouse once the pension is in payment. At the point of payment, your spouse or partner will be paid directly by the scheme trustees. As with all the options, there is much to consider with this order, including the fact payment usually stops if your partner remarries and that you remain liable for income tax on the whole amount and any future contributions you make after your divorce goes through will increase the amount your partner gets at the point of payment.
Our family law solicitors have the experience, knowledge and understanding approach to help you decide on the right way to protect your pension if you’re filing for or facing a divorce. There are numerous factors to consider and each option will only work in certain circumstances, which is why your family lawyer will take the time to appreciate your individual situation, including your pension and assets to be considered in the divorce settlement, to ensure you find the best solution for you. To speak to one of our professional family law solicitors about protecting your pension, contact us on 01244 311 633 or email advice@bartletts.co.uk    
ShareShare on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
Linkedin

Make A Free Enquiry

    Please prove you are human by selecting the star.

     

    What Clients Say

    Why Choose Us
    • Settled over 12,000 accident claims.
    • Recovered over £68 million in compensation.
    • A true No Win No Fee service.

    Read More>>

    © Bartletts Solicitors Limited 2021 – Offices in England and Wales

    • Careers
    • Contact
    • Unhappy With Our Service?
    • Legal
    • Cookies Policy
    • Privacy Policy
    bartletts conveyancing panel solicitors the wirral