Pensions & Divorce

There are around 150,000 divorces each year in the United Kingdom.  Recent Law Lords rulings for Melissa Miller and Julia McFarlane could have wide ranging implications for the financial aspects of future divorce settlements.  

Pension assets can often be the largest single financial asset that must be dealt with as the result of a settlement. However, these assets are often unevenly distributed between the divorcing couple. It is important that pension rights are considered when agreeing the terms of the divorce settlement.

There are currently three main options to consider with dealing with the pension aspects of a divorce:

• Offsetting
• Earmarking
• Pension Sharing

We offer a free initial consultation to discuss the financial implications of your divorce. After this first meeting we will draw up a detailed proposal for the provision of advice, implementation and review services for a fixed project fee.  

It is usually best to appoint a professional financial adviser before any decisions are made about the structure of the financial settlement.  We have experienced several cases recently where the solicitor has waited too long before engaging with us.  

Many solicitors are not familiar with the technicalities surrounding pensions and require our assistance asking the right questions to gather appropriate information so you can make an informed choice.  

We will work closely with your legal adviser to ensure that you make the most appropriate decisions about your finances.  Call us on 01794 388594 or email fhb@chestergate.co.uk to arrange an initial meeting without any charge or obligation.

Chestergate Financial Planning Ltd., The Coach House, Somborne Park, Nr. Stockbridge, Hampshire, SO20 6QT
T. 01794 388 594  F. 01794 389 647 E. fhb@chestergate.co.uk