Pension planning

Getting divorced can be very complicated, especially when it comes to the division of your financial assets and pensions in particular. At Smith & Williamson, we have specialists who can advise on the most appropriate way to deal with your pension assets.

There are a number of pension options open to divorcing couples; pension sharing, earmarking and offsetting. Since its introduction in 2001, pension sharing has become increasingly popular. Sharing offers a clean break – each party will receive a percentage of the total assets.

But there’s more to it than that. In 2006, the government made sweeping changes to pension regulations and has carried on making changes ever since. It has been possible, with successive legislation, to “protect” pension-fund values against the introduction of a tax-efficient cap. This is known as the lifetime allowance – a significant aspect of pension sharing is maximising the tax-efficient benefits between the parties.

Understanding your situation

We can review all the options available to you, and provide reports that explain the key issues as succinctly and clearly as possible. We aim to ensure that all parties concerned understand the findings quickly. This can help expedite an agreement and keep down costs

Our team of advisers can also support you with:

  • Expert witness reports
  • Implementing agreements
  • Technical queries

Our Expertise 

Our pension advisers are leading experts in pension sharing, having worked with many of the UK's top divorce lawyers. Our experienced advisers work on a fee basis and we don’t take commission.

Capital at risk. The value of investments and the income from them can fall as well as rise and you may not receive back the original amount invested.

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