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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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Final Salary pension sharing

  • maggie
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  • Platinum Member
10 Feb 08 #13382 by maggie
Topic started by maggie
An ex-wife aged 60 gets a 40% share of a final salary scheme pension CETV. She is offered scheme membership on a defined benefit basis by the pension scheme; how can she calculate what her annual income from defined benefit scheme membership would be?

  • Louise11
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10 Feb 08 #13397 by Louise11
Reply from Louise11
Hi Maggie

You have to write off to the pension fund and ask them. They should provide you with a statement every year, same way they do for the pension holder.

Kind ones

  • maggie
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10 Feb 08 #13406 by maggie
Reply from maggie
Sorry - I wasn't very clear.
I meant a bit earlier in the process when you're still deciding what to do with your pension share - when you've agreed your percentage of a final salary pension on the basis of the CETV and as an ex-spouse the pension scheme is offering you scheme membership with defined benefits but tells you that you can also opt to transfer out - it's up to you to decide.
How do you decide whether to keep your share in the scheme or transfer out?
Does it make any real difference?

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