05 Apr 2017

Pension Options in Divorce, Newry

Description

Frequently a party's pension can be the biggest asset in a marriage with available cash and property values decreasing. This session will look at pension options in divorce and the impact of new pension freedoms legislation.

The topics to be covered include:

• Overview of the new Pension Freedoms legislation and the impact on existing pension plans;

• Overview of the main options for pensions in a divorce settlement and their relative pros and cons:

• Earmarking;

• Offsetting;

• Sharing;

• Impact on an individual’s tax position and Pension Lifetime Allowance;

• Consequences for Lifetime Allowance Protections (Primary, Enhanced, IP/FP 12, 14 & 16) including pitfalls to avoid;

• Benefits of Financial Scenario Modelling to validate challenge or agree asset split;

• Implications of non-funded statutory pension schemes.

This session will be delivered by Law Society (NI) Financial Advice Ltd. The topics will be brought to life using case studies and the attendees will be given useful factsheets to take away.

To increase accessibility this session will take place in the following locations:

Tuesday 4 April 2017

City Hotel, Derry 9.30am – 10.30am

Silverbirch Hotel, Omagh 3pm – 4pm

Wednesday 5 April 2017

Canal Court Hotel, Newry 9.30am – 10.30am

Law Society House, Belfast 3pm – 4pm

Please note that this session will be followed directly by the “Statutory Charge: An Update” session. These sessions cost £35 each however anyone wishing to attend both sessions can do so for a discounted fee of £60.