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IMPLEMENTING A PENSION SHARING ORDER ON DIVORCE
Advice and Guidance
Professional Advice Setting Up Your New Pension
I am an Independent Financial Adviser based in Derbyshire, specialising in Investment and Retirement planning, including the implementation of Pension Sharing Orders. I look after clients all over the UK.
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Pension Sharing is where an existing pension is physically split and divided as part of a divorce settlement.
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The amount is always set out as a percentage of the pension's cash equivalent value.
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As a result, the ex-spouse receives a pension in their own name and under their control.
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When a Pension Sharing Order is granted, the pension fund will indicate whether the spouse who did not accrue the pension can keep their share within the fund or whether an external transfer is required.
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An external transfer means the pension proceeds awarded to the ex-spouse must be transferred out and invested into a separate pension scheme in their own name.
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This is often the case, and Financial Advice is required to ensure each client receives the best advice based on their personal needs and circumstances.
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