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Pensions can be some of the most valuable assets in a marriage or civil partnership and the collective values of the pensions can often exceed the value of other assets, even the family home. However, pensions can be confusing and therefore all too often can be overlooked during financial negotiations on divorce.
It is important to investigate pensions in every case and to understand their potential impact for each party when negotiating a financial settlement. Specialist advice from a family law expert should be obtained. We have considerable experience in dealing with pensions on divorce, including cases with international aspects. Our work regularly involves valuable public sector pensions (such as the NHS, Teachers and Civil Service Pension schemes), occupational defined benefit schemes, SIPPs, SSASs and other private pensions.
We work together with specialist Pensions on Divorce Experts and IFAs to help you identify the pensions, properly assess their nature and value, consider any tax implications and then consider the options available to secure a fair settlement which could include pension sharing, pension attachment or offsetting against other assets.
If you would like to discuss pension on divorce issues in more detail please contact Raworths family law team.