Whilst many couples deal with the division of the equity in their house, bank accounts and contents when their relationship breaks down they often forget about the pension, or ignore it because they do not think they are entitled to it. It is important that you do not forget the pension as in many cases this is the second largest asset after your home and in the current climate can actually be the largest.<\/p>\n
So what is the law?<\/strong><\/p>\n If you are going through a separation, divorce or dissolution then you will have a potential claim against all the assets, whether in joint names or in sole names.\u00a0 Assets include pensions. Even if a pension is already in payment a claim can still be made.<\/p>\n What are the options?<\/strong><\/p>\n At present there are four options available when considering how to deal with the pension.<\/p>\n How is the pension valued?<\/strong><\/p>\n You will need to contact your pension provider and request a cash equivalent transfer value (CETV). If the pension is already in payment you will need to request a cash equivalent benefit statement (CEB). \u00a0Generally the value used for negotiation purposes is the value of the pension at the date of the CETV or CEB statement and not therefore the value at date of retirement. In some cases however it is appropriate to consider the value either earlier or later than the CETV or CEB statement.<\/p>\n Don\u2019t miss out on your entitlement and ignore the pension. For an initial consultation to obtain advice on your relationship breakdown and pension entitlement or general family advice please call Amelia Summers<\/a> on\u00a001442 229641<\/strong><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Whilst many couples deal with the division of the equity in their house, bank accounts and contents when their relationship breaks down they often forget about the pension, or ignore it because they do not think they are entitled to it. It is important that you do not forget the pension as in many cases…<\/p>\n","protected":false},"author":4,"featured_media":3644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,5,39],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n