"Pensions on divorce" is about when marriages and civil partnerships break down, meaning that related financial and property matters must be dealt with. The financial remedy process ensures that the assets are distributed following divorce or dissolution.
Usually the biggest asset of the marriage or civil partnership is the former family home. Quite often pensions come in at a close second. The Courts have extensive powers to deal with pensions by way of pension attachment orders or pension sharing orders.
Pension attachment…
When parties enter a marriage or civil partnership they voluntarily decide to form a union; they intentionally enter a contract with the knowledge that it gives rise to obligations. Parties who enter a cohabiting relationship enter no such contract or voluntary union. Cohabitation is viewed quite differently to marriage, particularly in the eyes of the law.
The phrase “common law marriage” is a very big misconception and does not exist regardless of how long a couple have been together.
Upon breakdown of…