Not everyone knows that pensions are included in your divorce financial settlements. Alongside the family home, pensions can be the most valuable asset in the matrimonial pot. If you’re getting divorced and have questions about what’ll happen with yours and your ex-partner’s pensions, we’ve got the answers for you.

Pensions in divorce can be tricky to understand. It’s important you get financial and legal advice to make sure your pension is dealt with fairly. The outcome could make a big difference to what you have in your retirement. Our experts are here to help, contact us today. 

How will the court deal with pensions? 

The Family Court can deal with pensions in three ways:

• Offsetting – a capital sum is paid instead of a pension.
• Pension sharing – a proportion of the pension is transferred from one spouse’s name to the other.
• Attachment/earmarking - the pension still belongs to the scheme member, but the scheme must make payments to the former spouse when the member's benefits become payable.