Pensions & Divorce
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Pensions & Divorce
Divorce or the dissolution of a civil partnership can have substantial implications for your pension. Pensions are often one of the most valuable assets in a divorce settlement. Understanding the various options for dividing pensions is essential in such scenarios to ensure a fair outcome.
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Pensions & Divorce
The emotional toll of divorce can often overshadow the pressing financial complexities that arise. At Haven, we’re here to help you navigate all the options available to you so that your future financial and emotional wellbeing is preserved.
Pension Sharing Order
One of the key elements brought forward during a divorce settlement. This mechanism allows for a pension to be split between both parties, ensuring an equitable division of this valuable asset.
Pension Earmarking
Some divorce cases may result in earmarking (also known as attachment) which allocates one portion of a person’s pension to another. Our experts can help you comprehend its implications and benefits, enabling you to make the best informed decisions for your future.
Crafting Clarity and Fair Outcomes
When the courts are taking your assets into consideration, this can include personal pensions, company pensions, and any additional state pensions.
Navigating the intricacies of divorce is challenging enough without the added complexity of understanding the potential tax implications related to your pensions. At Haven, we’re dedicated to illuminating this process for you.
When determining the allocation of financial assets, including pensions, courts will consider several elements, including dependents, financial means, age, health, and contributions to the marriage.
Separation can raise many of the same questions and issues as legal divorce, so it is still important to consult a financial advisor in this situation. As always, Haven is here to help.
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