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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...

Death pre‑decree absolute: effectiveness of sealed consent order and pension sharing annex; survivor’s entitlement

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Q&As

Put simply, financial provision orders do not come into force until the decree is made absolute. This is set out expressly for lump sum and periodical payments orders in section 23(5) of the Matrimonial Causes Act 1973 (MCA 1973). As regards property transfer orders or settlements, the requirement appears in MCA 1973, s 24(3). See Practice Note: Implications of the death of a party...

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Nicholas Starks

St Ives Chambers

Nicholas is a senior junior counsel of over 20 years’ experience. He specialises in family financial provision, principally financial orders upon divorce but also claims under TLATA, IPFDA, sch 1 Children Act and Civil Partnership Act 2004. Nicholas frequently deals with high net worth claims, involving businesses, farming and overseas assets. Nicholas practices at all levels of the Court hierarchy and has been commended by the Court of Appeal for his 'lucid argument' (Kaur v Matharu [2010] EWCA Civ 930)....

Web page updated on 27/05/2026

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