Part II Financial Relief for Parties to Marriage and Children of Family
Ancillary relief in connection with divorce proceedings, etc.
25BF1 Pensions.
1
The matters to which the court is to have regard under section 25(2) above include—
a
in the case of paragraph (a), any benefits under a pension scheme which a party to the marriage has or is likely to have, and
b
in the case of paragraph (h), any benefits under a pension scheme which, by reason of the dissolution or annulment of the marriage, a party to the marriage will lose the chance of acquiring,
and, accordingly, in relation to benefits under a pension scheme, section 25(2)(a) above shall have effect as if “in the foreseeable future” were omitted.
2
In any proceedings for a financial provision order under section 23 above in a case where a party to the marriage has, or is likely to have, any benefit under a pension scheme, the court shall, in addition to considering any other matter which it is required to consider apart from this subsection, consider—
a
whether, having regard to any matter to which it is required to have regard in the proceedings by virtue of subsection (1) above, such an order (whether deferred or not) should be made, and
b
where the court determines to make such an order, how the terms of the order should be affected, having regard to any such matter.
3
The following provisions apply where, having regard to any benefits under a pension scheme, the court determines to make an order under section 23 above.
4
To the extent to which the order is made having regard to any benefits under a pension scheme, the order may require the trustees or managers of the pension scheme in question, if at any time any payment in respect of any benefits under the scheme becomes due to the party with pension rights, to make a payment for the benefit of the other party.
5
The amount of any payment which, by virtue of subsection (4) above, the trustees or managers are required to make under the order at any time shall not exceed the amount of the payment which is due at that time to the party with pension rights.
6
Any such payment by the trustees or managers—
a
shall discharge so much of the trustees or managers liability to the party with pension rights as corresponds to the amount of the payment, and
b
shall be treated for all purposes as a payment made by the party with pension rights in or towards the discharge of his liability under the order.
7
Where the party with pension rights may require any benefits which he has or is likely to have under the scheme to be commuted, the order may require him to commute the whole or part of those benefits; and this section applies to the payment of any amount commuted in pursuance of the order as it applies to other payments in respect of benefits under the scheme.