Pensions
When deciding financial issues in a divorce case, the court can take pensions into account.Pensions can be incorporated within a settlement by means of
- offsetting, where a one-off payment out of other assets is made to offset the value of the pension, or
- an attachment order, where the court can order one spouse to pay the other a lump sum or regular maintenance out of his or her pension scheme, or
- a sharing order where the pension rights of a scheme member are diminished and a separate pension right created for the scheme member’s spouse
The court can also require one spouse to nominate the other as the recipient for all or part of any death-in-service benefits.
Pensions require very careful attention in divorce cases because they can be very significant in financial terms and they are extremely complex.
For further information on specific issues, follow the links below or contact us.
