GLOSSARY

Pension debit definition

What does Pension debit mean?

The pension sharing provisions in the Welfare Reform and Pensions Act 1999 (WRPA 1999) introduced the ‘pension debit’ and ‘pension credit’. The ‘pension debit’ is the amount by which the value of the original member's pension rights are reduced and the ‘pension credit’ the corresponding amount by which the ex-spouse's or former civil partner's pension rights are increased. Amount of benefit rights given up by a member and allocated to the member's ex-spouse or ex-civil partner when a pension sharing order is made in respect of that member.


Discover our 15 Practice Notes on Pension debit

Read the latest 1 News articles on Pension debit

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

  Case studies

"There's a good range of Risk and Compliance materials, checklists and outline frameworks in one place. I think that's the difference. Everything's much more searchable, it cuts time and we can find what we really want."

Southampton FC


Access all documents on Pension debit

GET ACCESS NOW