Husband wants to base pensions actuary on him retiring very early? Help

[whycantitbecalm]

Ok so my husband has filled in the report request for a pension actuary report.

I am 42 he is 51, he has out down my retirement age as 65 and his own as 60!

Can he do this, can i choose the age i want to retire or should we both be basing this on state retirement

Is this for divorce?

Thats really strange. Have you asked him why 🤔

Yep for divorce sorry.
He said he has always wanted to retire by then so thats why he's putting that age.

I assumed you should put the usual retirement age or the same age for each of you? To make it fair?

60 isn’t that early. But I don’t see why you can’t tell him to put whatever age in there you think you will retire if it is not 65.

You should put 60 too then.

Just say 60 too. This is just to work out the settlement, I assume; you are under no obligation to stick to that age.

Does he work a manual job? I would say it is pretty reasonable to retire at 60 if you do.

Agree, just put in 60 for yourself, too. We are only using CETVs in our divorce, no actuary. Our CETVs don't say anything about assumed retirement age.

shouldn't affect the valuation given to the pension asset, if that is what is concerning you.

Needs to be equal so if he insists on 60 then at the very least you should insist on 60
Too but ideally first make sure you know what implications this has on you. It might really affect the level of share awarded to you.

Thanks everyone, he's putting us both at 60 and once the reports in, i'll be going to the solicitor for full advice

You can ask them for multiple scenarios, eg 60 or 65 (for both of you). We did 65 but also 67 at my request. I am hopeless with these things but am so glad I did this as in court the judge ruled pension incomes be equalised and the % split to me was higher at 67 than 65 and this is what the judge went with as it is state retirement age. It's illustrative. You can still retire earlier if the pension scheme allows this and you have the means. Hence push hard for a second illustration at 65 or 67 is my advice if you are the lower earner with less pension due to child rearing etc.