Divorce Advice - reasons for divorce - 4.

Pension planning for any couple is simply a gamble. Pension planning can go completely wrong if a couple decide to separate or divorce. Todays divorce lawyers and divorce solicitors can take into account a partners pension pot and make arrangements to share one persons pensions provision. This is usually the man who initially feels secure in his privately agreed division of the joint couples empire but then suddenly realises that his retirement lifestyle and living standards are now in doubt due to the divorce lawyers inclusion of his pension. This is when things can go really bitter and acrimonious in divorce proceedings. The rights and wrongs of this very sensitive issue regarding pension funds are debatable from both sides and each case needs to be assessed on it merits. Suffice to say that often the best way is for each person to have their own independent pension fund right though their relationships. This way they both maximise their individual pension tax allowances which should not be included in any divorce settlement later on.

The amount of money a combined couple have to spend within their relationship very much depends upon their attitude to the relationship. Many couples are independent money earners and see what is theirs is theirs to keep with only a notional contribution going towards the common money pot. Other couples seem more open to the fact they how they live is more to do with contributing whole heartedly to a common pot or joint bank funds. Each married couple normally work these money issues out together for an arrangement that works for them. However, many older couples or second time around again people find it hard to expose themselves to a fully committed joint income pot and seem to want to work out a fare share arrangement where each person is allocated a certain money responsibility. This can work in the short term but usually ends up in separation or divorce as each person still has their defences in place against a fully committed relationship both pulling towards the common good of the couple rather than individual needs in isolation.

In the old days, being married was a great avenue for saving tax against that of the individual or being cohabiting partners. Today with the inclusion of the PC brigade ramming equal rights for all down our throats and all the other strange and colourful relationship that this has now spurned from this deliberate degrading of a normal heterosexual marriage, tax savings for the normal married couple or normal family are now pretty much non-existent. Now, any tax saving rights is assessed on an individual by individual basis which is great if you fall into one of the many minority obscure categories for people who wish to live together. So should we say goodbye to the tax advantages for normal married couples for ever - I expect so. Throughout these articles the adverse affects of stress pressure has been highlighted. In this instance, the positive pressure on a marriage to stay together for the financial benefits that marriage used to bring has now been wiped away. Now divorcing couples do not seem to have that little bit of extra incentive to stay together and work through the problems which may have given them added time necessary before embarking on the no 'U' turn divorce route which is a real shame.

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