Financial Times FT.com

Divorcees win equal pension benefits

By Ellen Kelleher

Published: August 30 2008 03:00 | Last updated: August 30 2008 03:00

Scores of divorcees are likely to see more substantial payouts from their ex-spouses' pensions in the coming tax year thanks to changes in pension legislation.

From next April, the age will be lowered at which divorcees will be able to claim the same benefits as former partners who are enrolled in a particular occupational or personal pension scheme, even if they are not members themselves. They will be able to draw benefits from the age of 50, instead of 60, and take a payout of 25 per cent of the total amount in their one-time partner's pension pot as a tax-free lump sum.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this