YOUR PENSION

Often your pension is your biggest asset after your family home. When it comes to divorce the preferred option is often pension sharing, which involves splitting a pension into two new funds. Each partner gets their own pension pot for the future and it enables a clean break. “Remember that if your husband has already drawn down a lump sum from his pension, you can’t claim on this because it has already been paid out,” says Jeetesh. For free, impartial advice on managing your finances and retirement after divorce, call 0800 138 777, or visit www.moneyadviceservice.org.uk