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Me and my husband are separating and try in to sort out finances ourselves. When taking into account my pension do I need to look at my full pension or just the value from the contributions made in the time we have been married?
Finances
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Pension contributions
Replies (1)
Hi Janine,
Thank you for getting in touch with amicable.
There's no easy answer to this and we can't give legal advice on the advice forum. Generally, a judge will need to understand your full financial picture, which includes all pensions, in order to be able to approve the financial agreement you have reached. When working out the fairest way to divide your money and property, there is no defined formula. Although it is possible to isolate (ring-fence) certain assets or only look at pension contributions made during a marriage, in a 'needs case', which most are, all assets are usually required to ensure the family's needs are met post-separation. For most separating couples, dividing one household into two means that there will be less going around than before.
amicable's Divorce Specialists can help you agree on a fair and balanced financial agreement that works for you both and your family. By working together as a couple, with the expertise of a Divorce Specialist, you can explore more creative solutions and work collaboratively toward a better outcome.
Please book a free 15-minute consultation to get some personalised advice on your particular situation.
And here’s a helpful blog and an episode of The Divorce Podcast with more insights into how pensions are shared in divorce.
Best wishes, Tatiana