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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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Police Pension Division

  • sulkypants
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11 Oct 12 #360458 by sulkypants
Topic started by sulkypants
MY stbx did not have his pension properly valued therefore the division was based upon the CETV however I was given a percentage 40%.

It has been sealed by the court.

I was informed by my stbx that I cant receive any income/pension from this until I am 60 so its going to sit there for 11 years.

Can I transfer this to another pension scheme and take early retirement when I am 55.

Thank you in advance.

  • sillywoman
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11 Oct 12 #360464 by sillywoman
Reply from sillywoman
I have the same and am 52. Been assured I cant take it until 60, neither can I transfer it.

  • ian conlon actuary
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11 Oct 12 #360492 by ian conlon actuary
Reply from ian conlon actuary
Confirm, Sillywoman is correct, pension share benefits at 60 and no option to transfer out.
Ian

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11 Oct 12 #360495 by sulkypants
Reply from sulkypants
Thank you sillywoman and Ian, I can put that idea to bed now and move forward even if it is only in little steps :)

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11 Oct 12 #360501 by mbird
Reply from mbird
just out of interest sulkypants, how long was the marriage?

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11 Oct 12 #360524 by sulkypants
Reply from sulkypants
over 20 years but he had already servred 15 years when I married him and I had supported him through a long long long better divorce (in the days when legal aid was freely available)
Date of ma rriage 4.11.91

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12 Oct 12 #360595 by maggie
Reply from maggie
Always look on the bright side ....you''ve got a share of the legendary good final salary pension and you''ll get that brilliant guaranteed income at age 60 - the holy grail.

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