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Pension how to work it out

The Divorce IFA
Platinum Member

29 Jul 10 #216683 by The Divorce IFA

Reply from The Divorce IFA

Hi,

Just to add my thoughts.

The decision to go for pension sharing or offsetting is really down to you. The balance is always between having more capital now to pay for a house versus what income will you live on in retirement. A review of your personal circumstances will guide a competent adviser.

You are estimating his CETV at £100,000. The valuation of the pension is critical and there is a lot of issues here to consider. I would get the value checked once it is received.

Another area to look at is what options does the existing scheme offer in terms of pension sharing. In particular, what are your options within the scheme (internal transfer) or will you have to transfer your share out (external transfer). The differences can be considerable and a review of the options will help you make an informed choice.

I hope this adds some value. Post again with any further questions and we can try to guide you further.

Regards

Phil

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