Finances upon separation - assets acquired prior to marriage
01 June 2011
We represented a client who separated from his wife over 5 years ago. During that time the client had retired and accrued a substantial second pension totalling approximately £115,000. He had also received a tax free lump sum from his first pension accrued over a period of time prior to and during the marriage. Due to the substantial assets accrued prior to the marriage and during separation, we were able to successfully negotiate a settlement which allowed the client to ring fence his second pension and limit the wife's claim to his first pension to 50% of the pension accrued during the marriage only.