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Defined benefit / final salary pension and form e

  • twilight59
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06 Jun 12 #335406 by twilight59
Topic started by twilight59
Hello

I am trying to fill in my form E and have no idea how to quantify the value of my final salary pension? I have been in the scheme for 5 years, and to be honest, I don''t really understand it

Does anyone have a clue??

  • yellowrose
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06 Jun 12 #335420 by yellowrose
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You have to request a CETV which is a value put on your pension dependant on what you have paid in. This is what you do in the Health Service so assume it''s the same for you.

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06 Jun 12 #335426 by twilight59
Reply from twilight59
thanks SO much!

  • maggie
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07 Jun 12 #335521 by maggie
Reply from maggie
form E - page 12 about pensions
section 2 part part 4
A copy of your letter asking your pension scheme for the Cash Equivalent is acceptable for starters/form E.
Some schemes take ages to come up with a valuation offer but you don''t have to miss the form E deadline as long as you can show you''re getting it.
"Documentation required for attachment to this section:
a) A recent statement showing the cash equivalent (CE) provided by the trustees or managers of each pension arrangement; for the additional state pension, a valuation of these rights or for
PPF a valuation of PPF compensation entitlement
b)If any valuation is not available, give the estimated date when it will be available and attach a copy of your letter to the pension company, administrators, or PPF Board from whom the information was sought and/or state the date on which an application for a valuation of an
Additional State Pension was submitted to the Department of Work and Pensions"

Allegedly: final salary pension schemes will provide you with one free CETV - Cash Equivalent Transfer Value - on request - limited to one free request per year.
form E refers to this as a CE - a bit confusing when most people call it a CETV?

Not sure if you''d want to - but people - OK especially me - would be interested in following your progress on pensions.

  • Easteregg
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07 Jun 12 #335553 by Easteregg
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Sorry to hi-jack your thread, but please can anyone tell me whether on my stbx pension figures I use either:
1. Total transfer value of benefits not including AVCs or
2. Amount of transfer value which is subject to increases at 5% or RPI if less (including protected rights)
Thank you so much

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07 Jun 12 #335568 by maggie
Reply from maggie
I think the AVC defined contribution pension will be separately identified - not lumped in with your index-linked final salary CETV offer -
from the court''s point of view both must be disclosed - so declaring them as two separate pensions looks safest.
Protected Rights/contracted out part of your final salary pension is shareable - used to be treated differently but I think now all treated the same for divorce purposes?

All of it is in the pot for sharing - remember to ask about any second state pension - SERPS/S2P.

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