Since divorce pension sharing was introduced in December 2000, pensions have become part of the assets that must be considered during a divorce settlement.<\/p>\n
Getting a divorce can be very stressful, with lots of important decisions to be made and paperwork to be filled out during what is already a very emotional time. <\/p>\n
One of the biggest tasks that must be tackled is fairly dividing up the couple\u2019s assets. Assets can include property, money, possessions and pensions, anything under a shared name must be considered.<\/p>\n
Dividing up a pension<\/strong> What is a Pension Sharing Order?<\/strong> How is the pension split?<\/strong> Both party\u2019s assets and finances should be assessed in order to determine how to fairly split the pension. If a decision cannot be reached, then it will be down to the court to decide.<\/p>\n Why do I need a pension sharing order?<\/strong> This is because pension providers and pension schemes are not allowed to divide or transfer a pension without direction from a court.<\/p>\n For further help or advice with dividing a pension during divorce proceedings, speak to our team of family law specialists here at Lund Bennett by giving our team a call on 0161 927 3118.<\/p>\n","protected":false},"excerpt":{"rendered":" Since divorce pension sharing was introduced in December 2000, pensions have become part of the assets that must be considered during a divorce settlement. Getting a divorce can be very stressful, with lots of important decisions to be made and paperwork to be filled out during what is already a very emotional time. One of… Read More »What is a pension sharing order?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[10,312,175,87,322,33,176],"tags":[169,42,11,9,19,209,323],"class_list":["post-793","post","type-post","status-publish","format-standard","hentry","category-family-law","category-family-solicitor","category-lund-bennett","category-pension","category-pension-sharing-order","category-pensions","category-pensions-on-divorce","tag-family-law","tag-family-law-lawyers-altrincham","tag-family-solicitor","tag-lund-bennett","tag-lund-bennett-law","tag-pension","tag-pension-sharing-order"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\nPension sharing orders are not a compulsory part of a divorce. A pension is an important asset that should be considered during a divorce, but there are different options for dividing it up.
\nThe three main options for dividing a pension are sharing, offsetting and earmarking. A pension sharing order offers a clean break solution.<\/p>\n
\nIf one party of a divorcing couple has no pension entitlement, then a pension sharing order can be granted by the court to give shared rights to the other party\u2019s pension through a legal arrangement.<\/p>\n
\nA pension sharing order does not always require a pension to be split 50\/50.<\/p>\n
\nIf a couple decide that they wish to share a pension, then even if they can amicably agree the percentage split, they will still need to apply to the court for a court order.<\/p>\n