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50/50 pension split

  • butterfly crossing
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21 Dec 12 #371231 by butterfly crossing
Topic started by butterfly crossing
I would just like to see a fairer system where you automatically get a 50/50 split of pension for the amount of time you have been married, taking into account all pensions in the marriage.

And that this should automatically be made a pension sharing order, as it is just that a share of pension to help you when you are older .

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21 Dec 12 #371232 by WhiteRose
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Some people would use the pension as a negotiation to receive a higher percentage of other assets that can be released sooner (eg.equity in the house).

Also some Pension Shares can cost a few thousand to set up - if the pension is a small one - the cost for a pension share would be disproportionate.

All assets get looked at within the financial division and get apportioned either the way both parties agree or the way a Judge deems appropriate.

Sometimes our version of ''fair'' isn''t exactly the same as what a Judge see''s as ''fair''.

  • Fiona
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21 Dec 12 #371239 by Fiona
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The problem with a long marriage is retrospectively valuing the pension accrued before marriage. In Scotland there is a crude way of doing it by dividing the current value of the pension by the total number of years contributions were made and multiplying that figure by the number of years contributions were made during the marriage. That doesn''t produce a very accurate result.

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19 Jan 13 #375225 by Gloriasurvive
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I disagree as my OH has no pension and he has financially decieved the family. I don''t think he should automatically get half my pension. I have to bring up the children with no financial help from him as he is self-employed and fiddling books -

Surely it needs to be on a tested bases.

But perhaps I know not enough about it - so only my opinion.
:unsure:

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