Pensions

Pensions are cash and/or an income paid by the Government or a private company or arrangement on a person’s retirement. Pension funds can be extremely valuable and may be an important part of any financial settlement, especially after longer marriages. 

Pensions often form an important part of the finances to be considered when divorcing, so seeking advice that educates and guides individuals to a fair conclusion is vitally important.

Try and find advice that avoids using too much jargon and covers the pension sharing process itself. Not all pensions are the same, and in most cases just adding up the valuations and dividing them on a 50:50 basis can create very different incomes in retirement, which generally isn’t what is required.

Do We Need A Pension Sharing Report?

A Pension Sharing Report will show how pensions should be shared to create equality, and what the resulting income might be at retirement. Consultation with a Financial Planner can help to make sense of the income you can expect in retirement, which is obviously important when considering your financial future.