Our articles are written by experts in their field and include barristers, solicitors, judges, mediators, academics and professionals from a range of related disciplines. Family Law provides a platform for debate for all the important topics, from divorce
and care proceedings to transparency and access to justice. If you would like to contribute please email
editor@familylaw.co.uk.
The Effect of Divorce When Your Police Pension is in Payment
© Copyright LexisNexis 2024. All rights reserved.
Sarah Thompson
Principal Lawyer
Slater and Gordon (UK) LLP
If you get divorced while your pension is in payment what option would best suit your situation?
Butterworths Family Law Service is the leading looseleaf work on family law. It provides authoritative guidance on all aspects of the law as it affects families and family breakdowns and includes extensive coverage of child law. It provides detailed narrative guidance on the divorce process with the practical consequences of divorce examined in detail.
Click here to find out more. Please quote: 100482.
On retirement police officers have the option of taking a tax free lump sum worth up to 25 per cent of the cash equivalent value (CEV) of their pension known as the commutation the remainder is then paid out on a monthly basis and is taxed as income. However should you get divorced while your pension is in payment there are generally two options available to you – off-setting or a Pension Sharing Order.
Off-setting
Off-setting means that your former spouse would receive other marital capital in lieu of their claim...
Read the full article here.
