I am in the middle of seperating from my wife of 22 years. We have made a list of our assets and that seems quite easy.I have a pension that i will be able to draw in 6 years time, i have asked for a valuation and am awaiting that, but what i wondered is how do they work out a value, so that i can give my wife a cash equivalent, rather than her having a claim on my pension. She also has a small pension as she has only been working for about 4 years.
Pension splitting has got to be one of the most complex items to decide on throughout the whole AR process.
You can not put a cash value on it for the purpose of splitting assets. It is an extremely complex thing and the only advice you should really take is seek professional advice.
I will hopefully be in more of a position to help on this question and subject more after Tuesday as its my husbands FH (I'm his new partner)on Monday and Tuesday and the whole AR proceedings some 3 years long have centered around this issue.
I will be writing in the Forum exactly what the outcome is so hopefully it will help you more to read that then.
Heres hoping its in my husbands favour! (after all he worked for it!)