POLICE PENSION

Hello, I have a police pension, which is being valued as we speak. I have 23 yrs in the force and my house has just sold leaving almost £80,000 in the pot. My ex wife has no pension, and we have been divorced for nearly 4 yrs. The delay in the financial matters was due to waiting for the house to sell. I might add here also that she had me believe that a child was mine for 14yrs without thinking to tell me - hence the divorce when that came out and the wonderful judge said it was irrelevant in the financial matters! Anyway, What sort of chunk is she likely to get from me and my pension? She has done nothing to improve her employment status/ qualifications in the last 7yrs we have been apart, instead choosing to play the "I am not in a financial position" game. She initially offered to take all the money (£80,000) and leave my pension alone but then changed her mind. Was that a good deal, and I need money now for re-housing. How do I stand? Anyone help?

Bump

how long were you married for?

Usually, start point for pensions would be 50% of the proprtion of the pension built up during the marriage.

Be aware that with police pensions the CETV the police provide is often artificially low,(Normally, the CETV jumps dramatically when you reach 25 years service!) so the value you get from an actuary is likely to be higher, which may mena that the % split needed to acheive equality will be higher that 50% (or than 50% of the relevent proportion)

I was married to her for 14 and a half years - ending in 2003. The house has only just sold so that is the reason for the delay in the financial matters being sorted. In addition - I am lead to beleive that in a recent test case (sorry I do not know which one) that it has been decided that actuaral reports are not to be used in future divorce cases ONLY the CETV is valid - this was in a recent article in a police magazine produced by the federation. I also believe that in my particular case - conduct should be taken into consideration as she lead me to believe I was her childs father for 14 yrs and of course the expense involved in the upbringing was borne by me. The first divorce court I went to this was dismissed by the judge as "irrelevant" !!!!!!!

Not sure what is meant by "Bump"?

Bumping a thread is when you make a post purely so the thread appears nearer to the top. Usually done when there have been no replies.

Simon

Ok so now I know that my police pension CETV is valued at £234,000. There is £78000 in the bank which neither can touch at the moment (sale of house proceeds). What is she entitled to and would giving her the £78000 be the best option provided my pension is left untouched and there is a Clean Break with no maintenance?