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Greene & Greene is a long established firm of solicitors based in Bury St Edmunds, Suffolk. Our lawyers advise individuals and businesses based all over the UK.

We regularly attract new clients who have been using firms in London, but now receive a more cost efficient and more personal service from us here in Bury St Edmunds.

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Wednesday
May082013

Loss of State Pension Entitlement on Divorce

Until now you could elect to substitute your spouse’s National Insurance contribution for your own on divorce if this would give you a higher basic State Pension.

This meant, on retirement you would both receive the same amount of State Pension.

Now the Government is likely to withdraw this potentially significant benefit retrospectively for all people who reach State Pension age after 5th April 2016, whenever you got divorced.  You should bear this in mind as it could be an important factor to be considered in resolving a financial settlement upon divorce.

If you will reach Pension age between now and 5th April 2016 and you think it is possible that such an election to substitute would be to your benefit, then you should consider making that election now.

Kate Chandler, Stuart Hughes or Juliet Harvey in our Family Team can provide you with further advice if you need.

Kate Chandler - 01284 717513 | Stuart Hughes - 01284 717493 | Juliet Harvey - 01284 717448