State Pension Valuation and Divorce - Financial Consequences of Marriage Breakdown

When you are in the process of divorce proceedings and making attempts to resolve the division of financial assets, your lawyer will advise you (or the court may order you to) engage in the process of financial disclosure.

Part of the disclosure process will relate to your pension assets. This includes any private pensions you have built up over the course of your employment but also your projected state pension income in retirement.

To find out the value of your state pension, you should complete forms BR19 and BR20 and send them to the department of work and pensions. They will then respond and provide you with your state pension forecast.

This will enable you to factor in the amount you will receive in retirement when planning how to divide the matrimonial assets. It will also enable parties to ascertain whether there is any inequality in their respective pension assets when the state pension forecast is added to the overall list of assets.

If you have an enquiry relating to the financial consequences of marriage breakdown and divorce, please call 01902 328 355 and you can speak to Aimee Stokes, a family law solicitor in our dedicated family law team.

George Green Solicitors have offices based in Wolverhampton and Cradley Heath and serve clients across the West Midlands and Black Country including Stourbridge, Wolverhampton, Halesowen, Birmingham and beyond. You can also complete our online enquiry form and a member of our team will contact you for an initial discussion.