Pension and divorce

[Captain1]

Tricky one this can’t find the answer anywhere.

let’s assume in a divorce a pension pot of £100k is to be split 50/50.

now assume that one party wants cash rather than a pension sharing order.

does that equate to £50k cash?

Reason ask is as I high rate tax payer if I pension share then that £50k (in the pension) only cost me £25k ‘cash’ due to tax relief if I give £50k cash then it costs me 50% more.

hence if a party wants a cash equivalent it that amount “prorated” in any way to allow for this?

also worth nothing that if the party gets it as £50k cash it’s a tax free amount. Whereas the £100k in the pension will be taxed as income on drawdown.

You can’t turn a pension into cash.

You can if its a defined contribution 'pot' but there are rules and tax implications.

Sorry not what I’m asking I mean give cash In Lieu of pension

It’s usually much less. I traded pension rights for about 5-10% of the cash value.

ive been told closer to 30-40% but looking for confirmation?