Laura came to us during her divorce from her husband. She was 57 and about to be awarded a share of her husband’s pension as part of the divorce settlement. Their children were all grown up and she wanted to be able to start fresh in a new home of her own. She had therefore chosen to give up her share of the family home in exchange for more of her husband’s pension.
We helped Laura set up a suitable pension plan to accept the transfer in from her husband’s pension scheme. Being experienced in the process, we were able to liaise with her solicitor and make sure that the transfer took place quickly and smoothly.
Once she was in receipt of the funds we were able to drawdown what she needed to buy her own home. We were also able to demonstrate to her how she could afford to carry out some home improvements and still have enough funds left over to provide sufficient income in retirement to meet her lifestyle needs.