pension sharing

Pension sharing is a legal arrangement that divides a couple’s pension savings fairly when they divorce or separate. Instead of one person keeping the entire pension fund, the pension is split into two separate accounts—each partner’s share is calculated based on their contributions and rights. This allows both individuals to have control over their own pension funds and plan for retirement independently. Pension sharing helps ensure an equitable distribution of retirement assets, reflecting their financial contributions and needs, and is designed to provide fairness in the division of retirement benefits.