Lisa Webster: Divorce and pension protection - what's the impact?

'There are a few quirks in the rules'

clock • 3 min read

Clients dealing with divorce need all the help they can get from their adviser. Here, Lisa Webster looks at the impact pension sharing orders have on contribution limits - both bad and potentially good

Divorce is always a sensitive subject. It would be a heartless adviser that would want their clients' marriages to break down, or distressed new clients arriving on their doorstep, but it is an area where having a good adviser who knows what they're doing can really make a difference in easing, at least, the financial headaches. Not to mention it can be a good line of business. When it comes to wealthier clients who hold lifetime allowance (LTA) protection, the impact of a pension sharing order (PSO) on that protection should be taken into consideration when deciding how to split the ass...

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