Getting divorced to maximise Tax free allowance
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On a serious note I don't see how it could be illegal, or how it could fall foul of anti avoidance .. it's very common for people to get married in order to enjoy the IHT advantages. Getting divorced for the LTA advantage would seem completely equivalent0
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Thrugelmir wrote: »Pension wouldn't be split. Your ex would receive a lump sum to buy a pension with.
Tax free?
Would she have to buy a pension? How could she invest so much in a pension in 1 year?I think....0 -
My understanding is that it can get split .. money gets taken out of one fund into the other
https://www.moneyadviceservice.org.uk/en/articles/dividing-pensions-on-divorce-or-dissolution0 -
Thrugelmir wrote: »Pension wouldn't be split. Your ex would receive a lump sum to buy a pension with.
[FONT=Verdana, sans-serif]Which can be done on the same day and if you are lucky will be greater than the amount of pension pa given up, another win.[/FONT]0 -
Tax free?
Would she have to buy a pension? How could she invest so much in a pension in 1 year?
She wouldn't receive it - if a pension sharing order is made, she could nominate another registered pension scheme to receive a transfer.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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