Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Pension sharing definition

What does Pension sharing mean? In family finance cases, pension sharing means dividing a member’s retirement benefits between spouses or civil partners on divorce, dissolution or annulment. In England & Wales, Scotland and Northern Ireland it is a statutory mechanism implemented by a Pension Sharing Order (PSO). A PSO specifies a percentage of the member’s cash equivalent transfer value, which is carved out to create a pension credit for the recipient and a corresponding pension debit for the member. Trustees or managers implement the credit either internally within the scheme or by external transfer, subject to scheme rules and charges. “Pension sharing” is distinct from...

Pension Sharing Order Implementation: Valuation and Transfer Days, Implementation Period, Late Increases, Notifications, Extensions, and Common Pitfalls (WRPA 1999)

Published by a LexisNexis Family expert

Practice notes

Practice Note

This Practice Note outlines the actions required once a pension order is made in family proceedings, mapping the principal phases and obligations: identifying the valuation date, the transfer day and the valuation day, and the rules on the implementation window under the Welfare Reform and Pensions Act 1999 (WRPA 1999).

It also addresses what happens where implementation occurs after the prescribed four-month period and highlights difficulties that may arise, such as pensions already in payment and the ‘moving target syndrome’.

In contrast to pension sharing orders, pension attachment orders do not involve a complicated implementation regime; see: Pensions—financial remedy procedure—Implementation of a pension attachment order. The emphasis here is on the specific, step-by-step requirements for putting a pension sharing order into effect.

Matters concerning state pensions are covered in the Practice Note: Pensions—the state pension. A clear grasp of the implementation pathway for a pension sharing order is essential to safeguard clients’ positions after the order and to warn of the potential negative outcomes that delay in implementation may bring...

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Rebecca Dziobon

Penningtons Manches Cooper

Rebecca is an experienced family lawyer having trained and worked on complex financial and children matters at both City and regional firms for ten years. In 2011 she was nominated for, and appointed as, a member of the Resolution Pensions, Tax and Property Committee. She has authored the LexisPSL Family sections on pensions, insurance and trusts since 2013. In 2015 Rebecca moved into a knowledge lawyer role and is now senior knowledge lawyer at Penningtons Manches LLP. She is responsible for equipping the family team with the best tools to provide excellent client service. She also works collaboratively across the wider firm to devise and deliver business improvement initiatives ...

Web page updated on 27/05/2026

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