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Divorcees risk losing out on pensions

In Brief: Divorcees risk losing out on pensions

Thursday, 30 April 2020

Divorce is an emotionally and financially difficult situation, dividing assets is an important step to avoid pension poverty. The age of divorcees is an important fact. According to the Office for National Statistics, the median age of divorce for men and women has increased by ten years between 1987 and 2017. As people divorce later, they have less time to build a retirement. A few paths for pension savings are as follows, offsetting, pension sharing orders, and pension attachment orders. Understanding the steps that will be right for you could help you to manage your finances more effectively, and seeking professional financial advice could support your plans.

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