Skip to Content

Pension Earmarking.

Warning of the impact of pension reforms on divorces.

The government may have inadvertently opened up a loophole that can have a major impact in divorce cases.

In the past it has been commonplace for a pension earmarking order to be placed upon a spouses pension during divorce proceedings, this is where a pension, in the form of lump sum and/or income, is paid to a former partner. This has now been superseded by pension sharing, a much better arrangement, and the majority of pension orders are now concluded under pension sharing, it's with pension earmarking that a problem can arise.

If, for example, upon divorce an agreement is made where by the former partner was entitled to receive a percentage of income from the pension, with the new reforms the pension may not deliver an income as it can all cashed as a lump sum.

I would recommend that if you have had pension entitlement awarded to you via a pension earmarking arrangement or you are in any doubt you should check with a family law solicitor.


Image Description
related news
recent articles
Major Change in Divorce Law - no fault divorces

Government to finally introduce 'no-fault' Divorce laws..

link

Clare`s Law - Domestic Violence.

The domestic violence disclosure scheme named after domestic violence victim Clare Wood has been brought in throughout England and Wales. If you feel you could..

Guide to Family Mediation

The objective of Family Mediation is to provide a less confrontational approach to separation than the traditional Legal Model, helping parents communicate to f..

Protecting your on-line memories

Protecting your on-line memories - In a recent survey over 2,000 people were asked what they think happens to digital images on Facebook if a user passes away,..

Civil partnership for Heterosexual Couples

A change in the marriage laws..

link

Reasons for Divorce

Reasons for Divorce. - What constitutes grounds for divorce..

Stalking and Harassment.

Recent report uncovers failings by the police and prosecution service...

Registering your Childs Birth.

Registration of a Childs birth is a legal requirement - understand what you need to do...

How to end a Civil Partnership.

Whilst a Civil partnership is different to a marriage in many way..

link

Financial Orders | Family Law.

What happens to money, property and debt with divorce, partnership and relationships splits?..

Trusts Guide

Many people use a trust to reduce inheritance tax, if you put an asset into a trust you no longer own it, so depending on when you die your beneficiaries may no..

Annulment of a marriage

An annulment differs from a divorce; as when the process is complete the annulled couple will be deemed to have never been married...

Image Description
Is there anything wrong with this page? - any amendments will receive accreditation - email us

Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.

Information by area of law
Back to top