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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Pensions

1 reply

Endingit99 · 31/03/2025 08:45

I’ll get some formal advice but just wondering about pensions.
I have a final salary pension and just approaching normal retirement date. Will it make a big difference if I’ve started drawing it when working out the financial settlement?
Appreciate that value of the “pot” would be slightly decreased but does the fact that it is my income affect things, particularly if it is more than my stbx?

OP posts:
UnemployedNotRetired · 31/03/2025 11:46

'What about pensions that are already paying out?
Pension sharing is also available from schemes where pensions are already being taken, although the process is more complicated and the fees might be higher.'
Pension sharing | MoneyHelper

Can pensions be split after we have retired?
If either or both spouses have retired and pensions are in payment, they can still be split.
However, if your ex-partner’s pension is being paid out, it is not possible to take a lump sum payment. You also cannot take a lump sum if the pension has been used to purchase an annuity.

A Guide to Pension Sharing Orders - Stowe Family Law

A Guide to Pension Sharing Orders

Stowe Paralegal Becka Headley investigates what a pension sharing order is, how to get one and why they are important in divorce.

https://www.stowefamilylaw.co.uk/blog/2024/03/21/a-guide-to-pension-sharing-orders/#:~:text=If%20either%20or%20both%20spouses,used%20to%20purchase%20an%20annuity.

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