Your pension is important. It provides the financial support from which you can live when you retire.

There are various issues to consider depending upon whether you are an individual or an organisation/company. The following questions are relevant:-

As an individual you might want to know:

What are my rights to a state pension?

Is my employer legally obliged to provide a pension?

What happens to pensions on divorce? Will my spouse take a share?

Or as an employer:

Are there any tax benefits for employers?

Are we under legal obligation to provide our employees with a pension?

How do we establish 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.

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