Pension sharing on divorce Scotland
DM Pension & Investment Solutions Ltd - Independent financial adviser working on your behalf.
Pension funds are generally taken into consideration in divorce settlements.
Offsetting other assets such as savings is usually the favoured approach to pension sharing.
Where this isn't possible then there are normally two ways in which a spouse can receive a pension share:
Firstly the spouse can become a member of their ex-spouse's/civil partner's scheme in their own right, or Secondly the ex-spouse/civil partner can transfer their pension sharing order to another pension arrangement in their own name such as a stakeholder or personal pension.
Pension sharing on divorce offers a clean break. Once the Pension Sharing Order starts, the receiving spouse/civil partner owns the pension in their own right and can manage it as they see fit. As an independent financial adviser this is where we can help. We can set up the appropiate scheme to receive the pension sharing money and provide the right advice and fund selection.
Our adviser David Mulholland is a Chartered Financial Planner. Only a small percentage of advisers in the UK have achieved this status. Chartered status is the pinnacle for the financial planning professional. David has over 20 years experience in Financial Services.
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