Earmarking: Difference between revisions
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imported>Doug Williamson (Categorise page.) |
imported>Doug Williamson m (Wiki/Gloss Law/Fin Reg check - added alternative name, attachment order, to pension section as per http://www.hmrc.gov.uk/manuals/eimanual/eim74010.htm) |
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2. ''Law.'' | 2. ''Law.'' | ||
A court order directing the trustees of a pension scheme to make payments direct to a former spouse of a member; these generally form part of divorce settlements. | A court order directing the trustees of a pension scheme to make payments direct to a former spouse of a member; these generally form part of divorce settlements. Also referred to as an attachment order. | ||
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* [[Pension scheme]] | * [[Pension scheme]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:Manage_risks]] | ||
Revision as of 15:55, 22 January 2014
1. Pensions accounting.
The setting aside, at least notionally, of part of a pension fund for the benefit of a particular member, such as might be the case in a money purchase arrangement.
2. Law.
A court order directing the trustees of a pension scheme to make payments direct to a former spouse of a member; these generally form part of divorce settlements. Also referred to as an attachment order.
3. More generally, the notional setting aside of a part of any fund of assets for a specific purpose.
