Your pension is important. It provides the financial support you need when you retire.
The sort of questions you might should consider will vary depending on whether you are an individual or an organisation/company.
As an individual you might want to know:
Is my employer legally obliged to provide a pension?
What are my rights to a state pension?
What happens to pensions on divorce? Will my spouse take a share?
Or as an employer:
Do we have to provide my employees with a pension?
Are there any tax benefit?
How do we go about establishing an employee pension scheme?
Pensions are subject to complex legislation through a variety of Acts of Parliament and Statutory Instruments. As with many areas of law, it is constantly evolving though case law and goverment legislation. One of the key Acts to emerge in recent years is the Pensions Schemes Act 1993 (PSA 1993) which covers many aspects of occupational pensions, personal pensions, pension schemes and rights to state pensions. Another key piece of legislation is the Pensions Act 1995 (PA 1995) which also introduced significant changes. For example, prior to this act, a pension scheme member who was divorcing his spouse could be forced by a court to pay a bigger share of their matrimonial property compared to a situation where where no pension rights existed.
We can put you in touch with lawyers near you in Liverpool who will give you the best possible advice in relation to pensions law.
Call us on 0151 324 1535, email
or fill out our online form.