Divorce: Why pension sharing is now more important than ever

Pension sharing on divorce can be done in three ways

clock • 4 min read

Lawyer Lisa Pepper explores pension sharing and divorce, explaining the three ways pensions can be split after a split...

Pensions are typically one of clients' most substantial financial assets yet, when it comes to divorce, they continue to be ignored. Despite rising divorce rates, figures suggest that as few as one in five couples leaving a marriage or civil partnership consider sharing pensions when they split. With changes in the chancellor's Spring Budget - raising the limit on tax-free pension contributions to £60,000 per year from next month and scrapping the £1.07m lifetime allowance (LTA) from next April - having a formal financial agreement on divorce, which takes pensions into account, is mor...

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