Farmers with pensions invested in their own farming assets are being warned to take extra precautions against divorce after pension rule changes.
Pensioners are now able to withdraw their personal pension in cash without the need to buy an annuity. People can withdraw up to 25% of their pension pot tax-free and all of their funds subject to paying income tax. The change also applies to self-invested personal pensions (SIPP), which allow the pension holder to invest in a range of assets.
http://www.fwi.co.uk/business/pension-changes-could-risk-sell-off-of-farm-assets-after-divorce.htm
