Splitting up? How a divorce or separation can wipe out your pension
Briefly

In many divorce cases, couples tend to focus primarily on the division of physical assets like the house, often overlooking the significant value of their pensions. Given that pensions can represent a substantial portion of a couple's shared wealth, it’s crucial to include this financial asset in divorce negotiations to ensure both parties receive what they’re entitled to. Not accounting for pension value can lead to inequitable settlements, especially when one partner has invested significantly in a pension throughout their career.
When determining the division of assets in a divorce, it’s essential to consider the future financial security of both parties. Pensions not only represent the hard work of one partner but also significantly impact the long-term financial stability of both individuals post-divorce. This makes it imperative for divorcing couples to seek equitable valuations and consider pension sharing arrangements to safeguard their futures. Failing to negotiate pension rights could mean one partner is left disproportionately disadvantaged.
Read at Independent
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