Pension credit as a result of sharing on divorce
As pensions become a larger portion of a person's assets, it has become common for a pension credit to be awarded on divorce.
If you have been awarded a pension credit following a divorce, it is important that you take professional advice as to the best way to deal with this pension credit.
Also, if your pension has suffered from being subject to a sharing order, you will need to seek advice on how to rebuild the amount that has been lost through the sharing order, to ensure that your pension will still give you sufficient income in retirement.
We have years of experience in dealing with pension credits awarded as part of the pension sharing process on divorce. We work hand in hand with our lawyers, helping our clients to deal with the pension credit in the most appropriate way.
Whilst you may not have used one of our lawyers to handle your divorce, we are still happy to offer our expertise in helping you deal with your pension credit following a divorce. We will:
- contact the existing pension provider to find out what options are available for the credit you have received
- consider any other pension benefits you have to help you plan for the income you require from your pension in the future
- look at investment strategies that will suit your individual circumstance and give your pension credit the best opportunity of providing your desired income
- handle all of the administration in dealing with the pension sharing credit, which will result in you having a completely independent pension (where appropriate) that has no links to your former spouse
Pannone is authorised and regulated by the Financial Services Authority.
Pension advice
To arrange a discussion with a Pannone Independent Financial Adviser (IFA) click here or call us on 0800 840 4929. We are available to take your call twenty four hours a day, seven days a week.
