Farmers with pensions invested in their own farming assets are being warned to take extra precautions against divorce after pension rule changes.
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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
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