Pensions in payment

[Hoochbaby]

Hi

Does anyone know how these are treated?

I am worried that my soon to be divorced husband has been clever but I’m not sure.

Last year he hit 60 and out of the blue took his pension early. This was after letting it slip that his transfer value was £700k a few months earlier and how he would be mad not to transfer it. The pension gives him £20k plus index linked for life so it’s a good income but I was surprised when he did this.

My final salary pension has a TV of £500k and I’m worried that it will form part of any settlement whilst his won’t as its income now.

Does anyone know anything about this?

Kids are grown up, house is owned outright but our relationship has deteriorated since he did this and he now leads a totally separate life to me. I’m not sure I can stand it much longer.

6 months ago I was looking at half the house proceeds on the sale and maybe being awarded slightly more of that as his TV was £200k more than mine. Now, as far as I can see, our assets are the house and my pension so I could be looking at losing £250k! I know I will need to see a solicitor but wondered if anyone had any experience of this.

Thanks

Pensions in payment still have a transfer value. It is still an asset.

Am divorced and have gone through pension thing. I would expect that regardless of how clever he has been that his pension is an asset and that both of your money would be equalised ie that money would be taken from his pot to top up your pot to the point where you both get the same or maybe you would get way more equity from the house instead. Basically the court, as far as I know, ensures that both parties in a long marriage end up with the same amount of assets/money for the future