Final Salary Pensions

Thanks Peter. I'm still not sure how this would normally be calculated though! If we get 50k each then I give him 20k, he will have 70k and I will have 30k. Does that sound right??

Hi Peter, dont go just yet!

My OH and i did our split a while ago, now we have to go to court, OH now disputes things. I had a bigger share of the equity instead of pension sharing. If it gets that far, can the judge order me to take the pension share, even though i dont want it?

Joy

Tiggy

I believe that it should all be dealt with by you receiving different amounts from the sale of the property. I think that it should look like this:


Pensions
Female's pension £70,000
Male's Pension £23,000
Total pension value £93,000

Difference (female vs male) £47,000
Agreed balance (female to male) 37.50%
Balance required for offsetting £17,625

Property (equity of £100,000)
Share of equity £50,000
Male's offsetting balance £17,625
Male's net share of equity £67,625

Share of equity £50,000
Female's offsetting balance -£17,625
Female's net share of equity £32,375

Does that make sense?

Peter.

Hi Joy

This is a little outside my area of knowledge. My understanding is that a court CAN make a pension sharing order (or any other sort of order) even if there is no agreement between the parties. I believe that this has happened in some of the important precedent cases. The real issue is whether a court is LIKELY to do so. This really is outside my area and you would do better with an answer from one of the lawyers. I shall give the over worked Amanda a gentle nudge for you and ask whether she might give us the benefit of her expertise on this subject.

Peter.

It does, but isnt what I want to hear. Perhaps will have to ask him to add his SERPS/ SSP into pot also as need more than 32k to put down on a house for myself and kids.
Thanks for advice

Thanks Peter

Joy

Hi Peter - me again!!!

Based on the example you gave Tiggy .... am i right in assuming that based on the following figures (£k) if we agreed a 60/40 split in my favour .... I would come out with 159k of the equity.

Equity 180
His Pension 100
My pesions 25


Maths was so not my thing..... wished I'd paid more attentio now!!!