Pension sharing on the rise

Pension rights are usually the second most valuable asset, after the family home, which need to be considered on divorce, and three options are available to divorcing couples:

  • Pensions can be off-set against other matrimonial assets
  • Courts can make Attachment Orders, directing pension trustees to pay all or part of the pension to the ex-spouse on retirement or death
  • Courts can make pension sharing Orders under which benefits are transferred at the time of the divorce.

Figures produced by the Ministry of Justice show that the number of pension sharing Orders rose from 8,027 in the year to March 2016 to 11,503 in the year to March 2017.

Pension rights are usually the second most valuable asset, after the family home, which need to be considered on divorce, and three options are available to divorcing couples:

  • Pensions can be off-set against other matrimonial assets
  • Courts can make Attachment Orders, directing pension trustees to pay all or part of the pension to the ex-spouse on retirement or death
  • Courts can make pension sharing Orders under which benefits are transferred at the time of the divorce.

Figures produced by the Ministry of Justice show that the number of pension sharing Orders rose from 8,027 in the year to March 2016 to 11,503 in the year to March 2017.

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Pension sharing on the rise

Pension rights are usually the second most valuable asset, after the family home, which need to be considered on divorce, and three options are available to divorcing couples:

  • Pensions can be off-set against other matrimonial assets
  • Courts can make Attachment Orders, directing pension trustees to pay all or part of the pension to the ex-spouse on retirement or death
  • Courts can make pension sharing Orders under which benefits are transferred at the time of the divorce.

Figures produced by the Ministry of Justice show that the number of pension sharing Orders rose from 8,027 in the year to March 2016 to 11,503 in the year to March 2017.

Pension rights are usually the second most valuable asset, after the family home, which need to be considered on divorce, and three options are available to divorcing couples:

  • Pensions can be off-set against other matrimonial assets
  • Courts can make Attachment Orders, directing pension trustees to pay all or part of the pension to the ex-spouse on retirement or death
  • Courts can make pension sharing Orders under which benefits are transferred at the time of the divorce.

Figures produced by the Ministry of Justice show that the number of pension sharing Orders rose from 8,027 in the year to March 2016 to 11,503 in the year to March 2017.