When completing financial disclosure form we have to enter the CETV amount. My soon to be ex-husband has also done the same however this only amounts to £12k - am I only entitled to half of this (eg £6k) or is the calculation based on what the pension investment will be worth on retirement? My pension has been frozen and amounts to £7500 in total.
My understanding is that the CETVs of both pension funds as they are at the date of divorce are available for sharing - whether you decide to share and then what percentage of the combined CETVs you each get depends on how you negotiate a fair outcome overall. If the CETVs are small the charges made by the pension schemes for sharing might make it not worth the cost?
Please forget about sharing either of these pensions! The cost will far outweigh the benefit, unless you wish to donate money to actuaries, financial advisers, oh and lawyers too.
CETVs are a crude and inaccurate capital value of the pensions, but the expense of obtaining better valuations and then arguing over them is just not justified. Better to go for offsetting. Your stbx’s pension is worth (very roughly) £4,500 more than yours is. Usual starting point is share 50/50, so you could argue for £2,250 if he is to keep his pension and you keep yours. BUT, additional legal fees arguing the point could very easily eat £2,250 away. Therefore, you might like to try for an additional asset value (share of the house, car, etc) worth about £2,000 but there is no point in getting too carried away. Take what you can reasonably get.