“Divorcing couples are entitled to ask for a share of their spouse’s pension, or capital to the value of that share. Either way, the pension is an asset that shouldn’t be overlooked.”
Debra Emery, Partner and Head of Family.
When a relationship breaks down, the pension or pensions are often the largest asset second to the family home. Many married couples and civil partners don’t realise that they are entitled to seek a share in their partner’s pension. The share is usually calculated according to the length of the relationship in relation to the pension start date and the size and timing of subsequent pension contributions. This usually means the longer the relationship, the higher the share.
If you think your pension forms a significant asset, you should seek legal advice as soon as possible. We will act to protect your interests while seeking to achieve a fair and reasonable resolution, as part of the wider financial settlement.
It is also important to give careful consideration as to whom you wish to benefit from your pension, should you have the misfortune to pass away prematurely.