
Divorce is always a difficult period not only from an emotional viewpoint but always from a financial viewpoint as well.
Mortgages and loans will need reviewing as well as mortgage protections and family protections such as life or health insurances.
One of the most complex and immediate issues is sharing assets of which often pension is one of the major assets.
Pensions and divorce
You will need to get professional advice about your pension (or your spouse’s pension) when you divorce. A pension is treated as an asset – and pension sharing allows a pension fund to be divided and transferred from one spouse to another as a final settlement achieving a clean break
Veracity financial planning is not responsible for, nor does the Financial Services Authority regulate advice given with regard to taxation matters regard to trusts; some aspects of tax advice; commercial mortgages or second charge secured lending.
“The value of your investment can fall as well as rise and you may get back less than you pay in.”