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Pension after divorce - I have no idea

  • jejeru
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29 Jun 10 #211673 by jejeru
Topic started by jejeru
Hello all.

I'm a partner of divorcing person. We're going to married soon (1 year or so). Buy property, and have children.

As I'm from Russia, I don't understand about pensions at all, I tried to read but a bit problem.

Please can I find the answers here.

Why he has to share his pensions and how much (%) it'll be, and when?
They was married for 10 years (20 month separated), ex doesn't work full time for 5-6 years. Last two years part time as she looking after daughter. Which document I must asked to my partner for evidence. And what can change if his ex will married somebody in future?

Big Thanks to all.

  • LittleMrMike
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29 Jun 10 #211688 by LittleMrMike
Reply from LittleMrMike
Your partner's ex can, in principle, make a claim for a share in his pension fund.

Over the years a fund will be built up which will be used to fund the pension on retirement. Needless to say, the longer you are paying into it, the retirement fund increases, and it's called a Cash Equivalent Transfer Value or CETV.

This sum can be shared on divorce so that
each party has a retirement fund, obviously
smaller, but the wife can either join the husband's pension scheme and become a member in her own right, or transfer the fund to another pension provider.

It does not necessarily follow your partner has to share his pension ; he may do a deal
under which he keeps the pension and the wife gets a larger share of other assets.

Pensions are a very specialised subject, and advice from someone qualified to give is absolutely essential. I am not qualified to give it.

LMM

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