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 This has now been superseded by pension sharing, a much better arrangement, and the majority of pension orders are now concluded under pension sharing, it's with pension earmarking that a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

Child Custody.

Child custody can be the most emotive issue in a divorce, the law will decide who is the primary carer of a child, and where a child should live, quite often it..

Cohabitation Agreement

Cohabitation Agreement -
Many couples live together out of wedlock, some for the tricky trial period 'can we live together without killing each other', some co..

Guide to Mediation - Children

One of the biggest decisions facing couples when a relationship breaks down is what happens with the children, there are many decisions that need to be made, al..

Civil partnership for Heterosexual Couples

A change in the marriage laws..

link

Diverted Profits Tax

Diverted Profits Tax - With effect from this April, foreign companies selling to customers in the UK will be liable for UK tax on profits...

How to end a Civil Partnership.

Whilst a Civil partnership is different to a marriage in many ways, ending one can follow similar lines to a marriage breakdown...

Lasting Power of Attorney

Guide to Lasting Powers of Attorney.- If you are looking to appoint a solicitor to arrange a Power of Attorney this guide can help you understand how they work...

How to end a Civil Partnership.

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

link

Children and the Law Leaving a child at home.

There is no age laid down by the law stating when your child is old enough to be left home alone; however, it is against the law to leave a child home alone if..

Tax Law Solicitors | Solicitors.com

Details of the services provided by Tax Law Solicitors...

The legal rights of unmarried couples.

The legal rights of unmarried couples, regarding property. - In the event of the breakup of a relationship where the couple are not married what happens to the..

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