Whether to take the house or pension in a divorce

October 1st 2021

This is an issue which crops up time and time again.  Often, the two most valuable assets in a divorce case are the family home and the pension pot.  It can be very difficult for couples to decide how to best divide this up.

In my experience, I have found that the party in the weaker financial position (also often the primary carer of the children) focusses on retaining the family home and are prepared to forfeit any claim to what can often be a valuable pension pot.  Whilst this might seem like a good idea at the time, as the priority is often to secure accommodation for themselves and the children, this can leave them struggling in retirement.  

I strongly recommend seeking sensible and realistic advice on the options available to you and the impact any potential settlement will have on your financial position going foward from your family lawyer and financial adviser.

Take the house... or pension? The decision that faces many divorcing couples - and the wrong choice could be extremely costly

https://www.thisismoney.co.uk/money/news/article-10038637/The-house-pension-decision-facing-divorcing-couples.html