The following article is a stark warning for couples who do not marry. http://www.bbc.co.uk/news/business-21337154 If you have a relationship which resembles a marriage but is not legally recognised the party which does not have assets in their name can be left penniless. It is very common to for younger couples not to marry. Taking professional advice from family lawyers and independent financial advisors is very important to protect one’s interests should the relationship breakdown. Pension arrangements are also a matter than an unmarried couple might fall out over where at the moment the unmarried party with no or smaller pension savings at present do not have any legal entitlement to have a share of the pension assets saved in the other party’s name.
This information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.