![]() ![]() However you decide to share the funds, pensions are complex. Pension offsetting - the pension value is offset against other assets.Pension sharing - division of the pension into two separate pension pots.Pension attachment - a percentage of the pension is paid to the other spouse when it comes into payment.What are the three main options for the division of pension assets? It doesn’t matter what the pension is, all pensions can be shared (save the basic State pension) and are relevant. It is important that all pension benefits are taken into account when the marriage ends. Pensions can be as valuable as the equity in the parties’ family home – and sometimes significantly more valuable. In order to minimise the expense, hurt and disruption you might experience, we believe court proceedings should be a last resort. There are occasions when there may be an ongoing maintenance liability, but this is something our experts can advise you upon. This ensures you and your family are protected moving forwards and no further financial claims can be made. ![]() ![]() Once you reach an agreement, the court will validate that agreement which may be in the form of a financial clean break order, making it legally binding. As such, yours will be judged on its own facts and merits. #Divorce finances codeWithin English law there is no unified code for the division of assets in the event of a separation and therefore every case is unique.
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