What is Pension Sharing?
Pension sharing is designed to provide a clean financial break for the divorcing parties. The parties (or the Court) will decide what aim is to be achieved by pension sharing. For example, a desired outcome may be to equalise pension income on retirement or to equalise the capital value of each party’s pension entitlement. You will also need to decide whether it is appropriate to take into account the whole of the pensions, or just that part built-up between two specific dates. We will then be asked how to divide the pensions.
Pension sharing is achieved by means of one or more pension sharing orders made by the Court. These are then given to the pension providers to create a separate pension entitlement for the other party to the divorce.
About our reports
Our Pension Sharing Reports feature an objective and independent market-consistent valuation of each pension. This ensures that all pensions are compared on a like-for-like basis.
They may take into account any disclosed health issues which materially affect the life expectancy of either party. We will also determine the most efficient means of achieving the sharing objective(s) and any risks to either party from the pension share.
The Pension Sharing Report meets full Court Expert Witness requirements and fees start at around £1,350+VAT.
How do I order a Pension Sharing Report?
If you are a solicitor please call us for a quotation. Alternatively, 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 several questions. Please bear in mind that if we are to act on behalf of both parties (this is most often the case) we will need to be neutral in all our dealings with you. Nevertheless, please feel free to call us for an initial discussion.
Where can I find more information?
We have produced a Pensions and Divorce Guide for the general public, which you can download here. A version for solicitors can be downloaded here. Please also visit our Frequently Asked Questions page.