Divorce

/Divorce

Defining Benefit

When dealing with the pension assets of a divorcing couple received wisdom has always been that where Final Salary (Defined Benefit) pensions were up for grabs, these were the most sought after by both sides since - as the title infers - the benefits were pre-defined and therefore guaranteed to be paid at the level [...]

Have Gold Plated pensions lost their lustre?

The sweeping changes to pensions announced in the budget could have a fundamental impact on the way that pension funds are viewed on divorce. The increased triviality sums and proposed flexibility to extract funds at marginal rates of income tax rather than the punitive rate (55%) currently applied, coupled with the abolition of the minimum [...]