This article on the two-pot pension system is the second in our three-part series on divorce in later life. What do changes to the Pension Act mean for couples divorcing in later life? If you have an occupational pension or pay contributions to a retirement annuity (RA), you will be aware of the changes in […]
We’ve written about child maintenance and about pensions in the context of divorce, but not as one topic. Generally, a pension fund is not a target for maintenance arrears, but this article from Legal Wise explains that in some circumstances a court may grant a warrant of execution for arrear maintenance to be paid from […]
Reprinted from iol.com, by Nicola Mawson – 2022-07-22 The pending implementation of the Two-Pot retirement scheme does not mean that those who wish to withdraw savings can use that method to hide money from a soon-to-be-ex spouse or get out of maintenance obligations in terms of minor children. The new retirement regime comes into effect […]
Reprinted from iol.com, by Zelda Venter – 2024-06-14 An unemployed husband, who said he financially took care of the family during his marriage and whose wife said his source of income derived from criminal activities, has lost his share of his wife’s pension when they divorced. The husband turned to the Gauteng High Court, Pretoria, […]
Pretoria – Three brides, two of whom the first wife did not approve of, came back to bite a husband as his first wife obtained an order that he may not receive half of her pension benefits upon their divorce. Reprinted from iol.co.za, by Zelda Venter – 2023-10-24 The husband, who, ultimately, had four wives, […]
The division of assets where a retirement fund or multiple retirement funds are involved is complicated. Reprinted from Moneyweb by Eric Jordaan – Crue Invest (Pty) Ltd Image: Shutterstock Divorces can be complicated, especially when it comes to the division of assets where a retirement fund or multiple retirement funds are involved. As it currently […]
Reprinted from Moneyweb.co.za, by Devon Card – 2023-03-30 Exploring mechanisms that couples can employ to create financial independence for the parent who chooses to stay at home and raise the children. The decision to be a stay-at-home parent (SAHP), whether driven by personal values, cultural pressure, or emotional desire, can have enormous financial implications for […]
What you need to know about divorce and your finances If you’re contemplating or going through a divorce, your key concern is extracting yourself from a once-happy situation that has turned at best unproductive and at worst toxic. You want to enable a more life-affirming environment for yourself and your children, if you have them. […]
