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How are pensions dealt with in a divorce settlement

2 replies

Bestseller · 30/09/2018 08:32

I have a v good occupation fixed benefit scheme.

We have paid substantial regular contributions plus some large lump sums into a money purchase scheme for DH.

So, he has far far the largest pension pot, in terms of the cash lump sum but the reality is, mine will pay the greater income (but minimal opportunity to take a lump sum)

How would they be "shared" if we were to split?

OP posts:
Collaborate · 30/09/2018 08:43

The worth of any pension is the income it will pay out. That is the only way to compare the values of money purchase and defined benefit schemes. If the difference in the income earned by contributions made over the course of the marriage is not that much there is unlikely to be any adjustment. This is something you will both need some proper advice on, and possibly actuarial advice depending on how much money is involved.

MrsBertBibby · 30/09/2018 16:01

Have you both obtained transfer values for the pensions? How do they compare?

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