Practical Law UK Glossary 5-205-8987 (Approx. 3 pages)
Glossary
Pension debit
Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension-sharing order on divorcing their ex-spouse. The pension debit is the amount by which the value of the member's rights under the scheme is reduced. See also pension credit.