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What are we each entitled to in our divorce settlement?

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pension discussed in mediation

  • dermot49
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30 Mar 12 #320933 by dermot49
Topic started by dermot49
i have worked for 12 years full time with local authority. before that had two year study break and then 5 years pre relationship of pension from work with a local charity.

wife has worked fulltime with LA for two years including spell off for maternity then 12 years part time since we have been together..

in medistion my pension value was £120,000 and hers £16,000 does this sound right? seems wildly different.

how can i check if she has any other arrangements or if this is accurate.

also how much of pension can she claim? we have two children 9 and 12.

  • livinginhope
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30 Mar 12 #320950 by livinginhope
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I would think that is an impossible question to answer as it obviously depends on Salary levels etc.
You should both ask Pension Providers for up to date valuations and share the information with each other.

  • dermot49
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01 Apr 12 #321059 by dermot49
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sorry forgot that bit. me on 32k and she on 17k per annum.

  • MrsMathsisfun
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01 Apr 12 #321088 by MrsMathsisfun
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Were both of your pension final salary schemes? (defined benefits). Does the amount you state as your pension pot include the pre relationship pension?

How many hours a week does your stbx work. A defined benefit pension is based on whole years worked, and part time work obviously means it take longer to build up the whole years.

Also are you both the same age?

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01 Apr 12 #321110 by dermot49
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yes final salary schemes and yes mine includes pre relationship pension (5 years full time and transfered to LA scheme) she works 20 hours a week.
she 46 and me 51.

many thanks

  • ian conlon actuary
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03 Apr 12 #321391 by ian conlon actuary
Reply from ian conlon actuary
Instinctively, your wife''s pension looks too low in value. If you are going through mediation then it would make sense to have someone look at both pensions as an objective unbiaised expert answering questions which both parties want considered.

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03 Apr 12 #321396 by MrsMathsisfun
Reply from MrsMathsisfun
I thought that the wife pension value looked far to low too!!

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