Sentences with phrase «pension sharing»

You mention that you arranged pension sharing when you applied for your government pensions.
This can restrict the ability for someone to rebuild a pension when they have lost a large chunk of it through pension sharing.
This could mean that the other party could still be compensated through other matrimonial assets even though a direct pension sharing arrangement would not be available.
Practice head Simon Bassett's recent work includes pension sharing orders, DNA testing and financial claims under the Children Act.
To the extent you have an eligible spouse, Peter, you can also consider splitting your respective CPP pensions — so - called CPP pension sharing — by filing an application.
The introduction of pension sharing legislation nearly 17 years ago triggered a number of initial enquiries.
Our preference is to be instructed as a single joint expert and work with the instructing parties to produce clear and relevant instructions (conversely, we dislike «standard» letters of instruction asking multiple questions to «cover all bases» that are likely to result in pension sharing reports with too many irrelevant results!).
Pension sharing results in CPP pension earned while living together during your joint contributory period being split equally between you.
Federal employees will be required to make higher pension contributions and, after the next election (2015), MPs and senators may pay a higher pension share.
Old Age Security (OAS) is not eligible for pension sharing, Keith.
Pension sharing allows you to receive a share of both of your CPP retirement pensions based on the numbers of months you lived together during your contributory period between the ages of 18 and 65.
Pension sharing whereby a pension is divided so the recipient receives a percentage share of the pension - holder's pension, normally by way of a transfer out of the original pension scheme, to be invested in a separate pension;
For example, if the husband had a pension with a CETV of # 100,000, the wife could seek a capital sum of # 50,000 - the husband can not force her to accept pension sharing instead, or a discounted capital sum.
Associate Gemma Davison («a real star in the making») arrived from Johnson & Gaunt Solicitors to head the firm's dedicated mediation offering; she handles financial work for married and cohabiting couples, public and private pension sharing orders and spousal maintenance, among other matters.
The «excellent» team at Field Seymour Parkes LLP has niche expertise in armed forces pension sharing orders and excels in high - net - worth financial work, including pre-nuptial agreements, dividing cross-border property assets, separation agreements and protecting business assets in divorce cases.
The team is «always prepared to listen and discuss the merits of different options» and its recent caseload included financial remedy and international divorce proceedings involving high - value assets, cohabitee property disputes and pre-nuptial agreements as well as pension sharing orders and spousal maintenance matters.
The particular facts of the case are briefly narrated in Part 1 of my blog, «Pension sharing on divorce: The case of McDonald v McDonald — what's next?»
This may be an important question because # 100k of equity in a house is not the same as a # 100k of pension benefits (see pension sharing guide).
To the extent you have an eligible spouse, Peter, you can also consider splitting your respective CPP pensions — so - called CPP pension sharing — by filing an application.
Pensions in divorce cases may be treated more flexibly than under the current regime of pension sharing, attachment orders and off - setting arrangements, in the wake of the Budget.
Pension sharing results in CPP pension earned while living together during your joint contributory period being split equally between you.
Since CPP is not eligible for retroactive pension income splitting on your tax return like other forms of eligible pension income, pension sharing is something to consider proactively when applying for your pension.
A pension sharing application may be beneficial if your income will be higher than your spouse's income in retirement and if your CPP is also likely to be higher.
CPP «pension sharing» can be accomplished by completing Form ISP1002 Application for Canada Pension Plan Pension Sharing of Retirement Pension (s).
A pension sharing application may be beneficial if your income will be higher than your spouse's income in retirement and if your CPP is also likely to be higher.
Of note is that CPP pension sharing is different from pension income splitting.
CPP pension sharing is meant to try to help spouses equalize their retirement income.
Would it be beneficial for her to take a reduced pension now and we CPP pension share or should I continue with one tax return and claim for her?
Pension sharing is particularly helpful when one spouse worked more and will have a higher pension than the other spouse.
Since CPP is not eligible for retroactive pension income splitting on your tax return like other forms of eligible pension income, pension sharing is something to consider proactively when applying for your pension.
Pension sharing is an option available to spouses applying for their Canada Pension Plan (CPP) retirement pensions.
On this basis the way for a spouse or civil partner to sort out issues relating to (say) pension sharing and adjustment of property early on, is to file a behaviour petition (adultery or unreasonable behaviour) with no intention of proceeding with it.
The ancillary relief proceedings were eventually compromised and the consent order was made on 11 February 2007, whereby W accepted the provision in full and final settlement of all her claims for lump sum, property adjustment and pension sharing.
The court can make a variety of orders, for example, for payment of a capital sum, transfer of property, a pension share, and for spousal maintenance.
She received the four bedroomed family home (mortgage - free and valued at # 330,000), with contents (totalling # 28,100), and maintained her personal pension of # 26,000 and, in lieu of a pension share, W received # 50,000 from H.
The court can make a pension sharing order when the divorce or civil partnership dissolution is finalised (but not for judicial separations).
Most UK pension schemes can be the subject of a pension sharing order, except the basic state pension scheme, whether they are already in payment or still accruing.
Under a pension sharing order, the pension is split and the benefits are divided on a percentage basis between the couple, so that each has their own pension to make contributions into in the future.
Pension sharing can also be dealt with in an appropriate Minute of Agreement, rather than requiring a court order, but can only be implemented upon divorce.
Pensions can be shared or offset, as in England — however, there is no compulsion on the claimant spouse to seek a pension share.
Statutory provision to enable the Court to make orders against pensions, known in England and Wales as pension earmarking and pension sharing orders.
In an action for divorce, either party may apply to the court for payment of a capital sum; an order for the transfer of property; payment of «periodical allowance» (i.e. maintenance post-divorce); payment of «spousal aliment» (i.e. maintenance pre-divorce); a pension lump sum order; and / or pension sharing, all in terms of s. 8 (1) of the 1985 Act.
It is proposed that the available orders would be similar to those available on divorce or dissolution of a civil partnership, ie periodical payments, lump sum (s), property transfer and pension sharing.
Under the leadership of «formidable litigator» Anne Deller and Kate Grant, who is «robust, independent, personable and measured», the practice «punches above its weight» in Children Act cases, international child abduction disputes, pension sharing orders, financial remedy and other matters.
Professionals, high - net - worth individuals and high - profile clients instruct «excellent» boutique firm Tony Roe Solicitors in the full range of children and financial matters, including Children Act proceedings, divorce cases and pension sharing orders.
Gabrielle advises employers and trustees of occupational pension schemes (both defined benefit and defined contribution) on a broad range of pensions matters including automatic enrolment; scheme amendments and changes to benefit structures; scheme funding issues; scheme governance; member - related issues such as benefit questions, pension sharing orders or high - earner tax questions; the operation of the Pension Regulator's powers; and entry into the Pension Protection Fund.
We provide bespoke advice and guidance on all of the financial issues that arise on divorce or separation, whether this relates to maintenance claims, property, pension sharing or the impact of any family wealth or business assets that may be involved.
Once completed, the husband and wife could not make claims for financial provision, pension sharing and property adjustment orders to each other.
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