How Does Pension Earmarking Work?

How Does Pension Earmarking Work?

Pension earmarking refers to an attachment order made by the court which requires a proportion of the pension benefits to be paid directly to an ex‑spouse/former civil partner, instead of to the member. This method was introduced under the Pensions Act annulment and judicial separation.

What is an earmarked pension scheme?

A pension attachment / earmarking means that the pension still belongs to the scheme member, but the scheme is required to make some form of payment to the former spouse when the member's benefits become payable.

Can my ex wife claim my pension if I remarry?

Yes, they can unless you have both signed a financial consent order following the divorce that states otherwise. Your ex-partner can claim for your pension after your divorce, especially if there is no signed and agreed financial agreement in place.

Alexander Ross
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Alexander Ross

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.