Pension attachment orders
Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper
Practice notesPension attachment orders
Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper
Practice notesThis Practice Note explains what a Pension attachment order made in family proceedings (previously referred to as an Earmarking order) is and sets out which pension benefit rights can be attached and which cannot. It also details the key features of a pension attachment order, the risks of such orders and steps that may be taken to reduce risk, variation issues and tax consequences.
Key features of pension attachment
A pension attachment order requires the person responsible for a pension arrangement (the PRPA) to pay a percentage of the:
- •
pension income, and/or
- •
pension commencement lump sum, and/or
- •
lump sum payable in respect of the member-party’s death
available to a person with pension benefit rights in the pension arrangement (the member-party) to the person without pension benefit rights (the non-member party). A pension arrangement means an occupational pension scheme, a personal pension scheme, a retirement annuity contract and annuities purchased pursuant to an occupational or personal pension scheme, or to discharge liability in respect of a pension credit, see also: Types of pension
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.