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Pension schemes generally fall into two categories: defined benefit plans, which guarantee a specific payout upon retirement, and defined contribution plans, where the payout depends on contributions and investment returns. Other types include state pensions, personal pensions, and workplace pensions, each with its own rules and benefits.

In certain situations, such as ill health or financial hardship, you may be eligible to claim your pension benefits before reaching the official retirement age. However, taking benefits early often means receiving a reduced amount compared to waiting until the standard retirement age. It’s crucial to review the specific rules of your pension scheme and seek legal guidance to fully understand the implications before making a decision.

Changing jobs can have an impact on your pension, particularly if you’re enrolled in a workplace pension scheme. You may be able to move your pension benefits to your new employer’s plan or leave them in your current scheme. Seeking advice from a legal professional can help you understand your options and safeguard your retirement savings throughout the job change process.

Pension assets are considered part of marital property in many jurisdictions and may be subject to division during divorce proceedings. Legal counsel can guide you on how your pension might be split, ensuring your rights are respected and helping achieve a fair settlement.

If your pension claim is denied, you should first review the provider’s reasons carefully. Seeking legal advice can help you understand your rights and the appeals process. A lawyer can assist in gathering evidence, negotiating with the provider, and, if necessary, representing you in disputes or legal action to recover your entitled benefits.