What is Offsetting?
Offsetting is commonly used when one party wants to keeps the family home or other cash asset and to offset that against the value of the other party’s pension, either in whole or partly.
Offsetting is really treating pensions like any other asset, except that the pension is kept by the pension holder.
The reason for offsetting is that a pension cannot be simply given, or assigned, to a third-party such as an ex-spouse.
Offsetting is the most common option in divorce settlement as it is the simplest and least expensive to implement.
About our reports
Offsetting Reports feature an objective adjustment to the pension values and also allow for tax treatment and/or the importance of cash to the two parties
Our Offsetting Reports are in the same clear easy to use format as our Pension Sharing Reports. An independent market-consistent valuation is made of each pension to ensure that all pensions are compared on a like-for-like basis.
The Offsetting Report meets full Court Expert Witness requirements and fees start at £880+VAT.
How do I order a Pension Offsetting Report?
If you are a solicitor please call us for a quotation or send us your instructions to our Head Office address as detailed on our Contact Us page.
If you are a member of the public you will probably want to ask us more questions – please bear in mind that if we are to act on behalf of both parties, and this is most often the case, we will need to be neutral in all our dealings with you, but please feel free to call us for an initial discussion.
Where can I find more information?
If you are a member of the public we have produced a Pensions and Divorce Guide which you can download here and a version for solicitors which you can download here. Please also visit our Frequently Asked Questions page.
