It's Pensions Awareness Week
Published date | 18 September 2020 |
Subject Matter | Employment and HR, Retirement, Superannuation & Pensions, Employee Benefits & Compensation |
Law Firm | Charles Russell Speechlys LLP |
Author | Hannah Owen |
This week is Pensions Awareness Week. It is often not understood that the majority of domestic pensions (excluding the basic state pension and new state pension) are capable of being shared upon divorce, including pensions that are in payment.
There is helpful guidance from HHJ Hess in the case of W v H (divorce financial remedies) [2020] EWFC B10 on how to approach pension sharing on divorce and the below post by Sarah Higgins gives a useful summary of that guidance.
Pension Sharing Orders are always expressed as a percentage, rather than a defined sum, and can be implemented by the pension trustees at any point within a four month window following receipt of (1) the sealed final financial remedy order; (2) the...
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