Any opinion appreciated. how are pension in payment treated in financial settlement . i am 60 ex wife is 50 her income is £35k my income with pension is £13k. I paid into pension fund for 40 years , married for the last 14 years of the pension before divorce .We both have houses of equal value . she has been living with new partner for 3 years . ex has no pension of her own , and mine pays me about £9000 a year .thank you
Are you working/able to work to supplement your income?
She would have a reasonable argument for a half share of the pension built up during the marriage (and cohabitation). If that is 14 years of the 40 years it took to build up the fund, it would be a 17.5% share. There are other ways to work it out based on equality of income on retirement produced by the fund accrued during marriage and cohabitation. You would need an actuary to help work that out.
thanks for your reply. she is in the matrimonial home and wants to keep it . theirs 62k equity in the property. the pension for the period marriage is cetv 53k total pension cetv 160k for 40 year i paid into the found .If ive taken 42k lump sum out to buy a share in a property ,shes still had 20k more than me. my question is would she still get 17% share of the yearly retirement income from the pension.because the real figure for the pension is more like 39k and not cetv of 53k , ps yes iam working part time to supplement my income.