pensions on divorce

Pensions on Divorce

"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…

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Gifts and Tax Planning

The economic downturn caused by the pandemic has certain advantages that you may wish to consider now. Are you thinking about assisting a family member who has lost their job and is currently experiencing financial difficulty? Gifting money to family members would not give rise to Capital Gains Tax (‘CGT’), but it may assist your Inheritance Tax (‘IHT’) position. Each of us is given a threshold of £325,000 (known as the nil rate band) whereby our estate has no IHT liability. Any gifts…

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Forward Thinking on the Unthinkable: Everyone’s Guide to Lasting Power of Attorney

Lasting Power of Attorney What it is, why you need it and how to get it right. Need this in print? Download a pdf of Tiger Law's Guide to Lasting Power of Attorney We’ll start this by wishing you a long, happy and healthy life. But…may we be blunt? None of us is invincible and sometimes bad stuff happens when you least expect it. It happens to us and it happens to people we care about. It happens to…

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