Financial health check for divorce

Getting to grips with common divorce challenges

There are many different reasons for divorce.

But divorcing couples usually have one thing in common – they have to make some important financial decisions. Two out of five people getting divorced end up thinking that the process is financially unfair, which shows how hard it is to get those decisions right.

This tool will help you start thinking through some of the key financial decisions you’ll have to make. It will also flag up some details that it’s important not to miss. For example, half of people getting divorced don’t take their ex off their pension as a beneficiary.

As well as its emotional cost, divorce can have a big impact on your short and longer-term financial future. It’s important to plan for both.

Planning your divorce

Are you aged 55 or over?

Divorce can have a big impact on your finances. Exactly how that can work depends on how old you are.

Articles

Pensions and divorce

We help answer any questions you have while facing divorce in retirement and help you manage your pension in and after divorce.

Gender Pension Gap

Do men and women have different approaches to saving in later life, and is there a pension savings gap as a result? We explore in full.

What are the main reasons for divorce in retirement?

We take a look at why divorce rates for the over 65s are on the rise. Plus advice and top tips from specialist divorce lawyers and psychologists if you're getting divorced in your 60s.

Divorced and living together

It’s common to find yourself in a difficult position while separating. We look at how equity release can be one way to stay living in your own home.

How much income could you receive?

Use our Retirement Income Calculator to find out how much your annual income could be using our suite of products, plus the tax impact of taking it all as cash.

Thinking about taking your pension?

Answer a few simple questions to get a better understanding of what to consider before accessing your pension savings.

Retirement Income Planning Guide

Whether it’s working out what you have, understanding your options or thinking about your next steps, our free Retirement Income Planning Guide can help you plan and pay for the retirement you want.

Need help?

Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and making use of the guidance and advice services available:

Retirement guidance

Pension Wise from MoneyHelper

The government’s free and impartial service, offering guidance to make money and pension choices clearer for over 50s.

To find out more or book an appointment online click below or call.

0800 011 3797

Monday to Friday 9am to 5pm.
Calls may be recorded and monitored.

Speak with us

Our colleagues in Cardiff are always happy to answer your questions or tell you about our retirement income products.

0800 048 2446

Monday to Friday
9am to 5pm
We may record and monitor calls.

Retirement advice

Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.

0808 304 9312

Our team is available between 9.00am and 5.00pm, Monday to Friday. Calls may be monitored and recorded.