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any info on army pensions?

  • libby
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26 Jan 08 #12020 by libby
Topic started by libby
spent 22yrs in army with stbx married 39 tyrs he commited adultery any one any idea of percentage i am likely to get. have heard army different to normal pensions :dry::silly:

  • juttabeck
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27 Jan 08 #12028 by juttabeck
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Are you Army or is he?

Forces pensions are notoriously under-valued - so any value on the CETV is likely to be checked by an independent actuary (your solicitor or his solicitor will ask for this if they are any good) - the "real" value for divorce purposes will be significantly higher than the CETV value in my experience.

The actuary we used was £700 plus VAT I think.

hope that helps

  • maggie
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27 Jan 08 #12030 by maggie
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Is there any quick easy way to find a solicitor who knows about pension sharing?
Is there any extra training or qualification to look for?
The only way I can think of is to take free consultations with solicitors, put the idea of pension sharing to them and wait to see if they mention checking the CETV or getting an independent report from an actuary or ask about Form P and see if they know what it is.If not , next please.
I know from bitter experience that if they haven't a clue about pension sharing they won't tell you - taking their fees under false pretences.

  • Peter@BDM
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27 Jan 08 #12034 by Peter@BDM
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Libby

Juttabeck is right about armed forces pensions being radically undervalued by the CETV. A detailed actuarial valuation will cost around £700 + VAT. However, depending on what you and your lawyer intend doing about your husband’s pension, you may not need an independent valuation. Your options are a) offsetting the pension against some other asset(s), b) pension sharing, and c) pension attachment. Your lawyer should be able to tell you about each of these and discuss which is best for you. If not, s/he should be able to put you in touch with someone who can.

Finally, there are alternatives to a £700 + VAT detailed actuarial report. £25 + VAT will get you a reasonable valuation that can be used in making the early decisions.

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