Is £18,000 the cash equivalent value? If it is, then the pot is really too small to make sharing economic.
Given your age, it may make sense for you to have the pension transferred to you then cash in all or some of it to give him a settlement lump sum. You can do this if you are over 55.
His fiancé's income will have no bearing on the financial settlement beyond the fact that their living costs will be shared. Her income etc does not have to be declared.
When you say there are no assets, I assume that you mean you do not own a property, car or have any savings or investments. Do you think he may have assets of which you are unaware? Or do you think he is earning more than he has declared?
You should think very carefully about the costs involved in going through the courts if you are represented. If this really is the only asset, any potential gain will be wiped out by legal fees.
Hi there,thank you for your reply. I don't know what the cev is or understand what a cev is. We don't own property or cars etc or have any investments or assets just his pension. I also don't know if he has any assets either although he seems to be able to afford to have 2 European holidays within 2 months of each other so he must be comfortable. Regardless I am assuming what you are saying is that although his pension pot stood at £18k or there about it may cost me more than my share of 50/50 to pursue it is that right ??...is there no other way around it is a cash settlement of what it is worth and him keep all his pension?? It just feels like I'm being dealt a bum card with no chance of even getting half of his pension ....
A pension pot of £18,000 is really tiny. It would buy an annual pension of probably of less £300 per year with no increases, and no widows pension. It would make more sense to cash it all in, and as you are over 55 years old, you can do this, and split the money. It will be taxed though. I doubt you would find anyone who would do a pension sharing order on that level or investment.
If there is nothing to split, or very little, you haven't lost anything. He has nothing, you have nothing... but you have your freedom and a chance to walk with a spring in your step and carry on with a life you can choose.
That I do .....but I've now had a message from my solicitor saying my husband now wants to go to mediation ....8 months after his first chance that he declined so as its about mediation I am going to ask for his verbal response of 100% of his pension to be shared to me leaving him free to marry his fiance and me to live out what time I have left....he can accept it or get a solicitor and fight it and let the courts decide
So my ex has still not disclosed his finances and now my solicitor has decided it best to get a consent order from the courts to hopefuly get a form e signed and sent back. I don't hold any hope in this and wonder what will happen if he ignores the court letter to respond within the 14 days he has to get it back to my solicitors ???