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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


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Pensions - Capital Equivalent Benefit

  • guyfawkes
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30 Apr 12 #327382 by guyfawkes
Topic started by guyfawkes
My wife and I are retired teachers and are divorcing. I contacted the Teachers'' Pensions Agency
to find out the CEB (Capital Equivalent Benefit) of my pension. i was told they would happily provide this information at a cost in excess of £200.

Surely there is a rule of thumb for calculating
Public Sector pensions CEBs? I only want a rough ballpark figure to work with!

Thanks in advance

Guy

  • pixy
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30 Apr 12 #327386 by pixy
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Syou are both retired doesn''t it make more sense to think of the pensions in terms of income rather than capital?

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30 Apr 12 #327397 by guyfawkes
Reply from guyfawkes
True, but in my case the purpose of seeking a CEB figure is to estimate the cost of ''buying out'' my wife''s claim on my pension with a capital sum.

Guy

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30 Apr 12 #327402 by dukey
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Guy

There is no rule of thumb each must be valued on its own merits, if it were not in payment the CETV would be free (one per year) in payment well actuarys don`t work for nowt as they say.

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