Divorce and the dissolution of a civil partnership can often lead to frustration at a particularly sensitive period of time. This frustration is commonly caused by decisions regarding the equitable split of financial assets.
We are often engaged during divorce proceedings to advise on the sharing of pensions, which are, quite often, one of the largest assets involved.
We write Pension Sharing Reports from a background of practical application: setting out not only the technical detail and reasons for the advised adjustments, but also the implications of the proposed actions.
Pension Sharing Report: what to expect?
- How the parties should allocate pension capital to ensure an optimum solution for both sides
- A calculation of the likely income that the pension share can provide for both parties
- A detailed consideration of the tax implications for each party
- How best to minimise the impact of the Lifetime Allowance charge
- Clear practical advice on how to implement the pension sharing order
- If required, pension provider recommendation and implementation for the receipt of a pension credit
- Maximising the value from the respective arrangements , or conversely, minimising the destruction of value
- Expert witness reporting where necessary
We appreciate that there are scenarios when cost and quality of work are not the only two criteria in determining whether to engage an Independent Expert. Indeed, speed of delivery is also a major consideration.
Therefore, at Strabens Hall, we endeavour to complete our advice as promptly as possible, without comprising the quality of our work.
To find out more about our Family Law Services, please click here.