Pension Sharing Order Rules

Hi,

My sol has drawn up a joint minute, that was lodged in court last week, agreeing to a PSO for the measly amount of £1700 CETV for me to give my x out of my NHS pension.

My decree will be granted next week, after 11 months in and out of court...costing me a fortune!
My x is responsible for the cost of £3000 to the NHS superan scheme to set up a PSO for the above sum of £1700...does that seem nuts to anyone else!!??

Anyway, i moved from Scot to NI and have asked to have my pension moved to the NI version of the scheme...anyone have any idea how this might effect the PSO...it has not yet been sent to my pension people and is there fore not official yet???
When the court issues the divorce...then the PSO...how strict so i need to stick to it?????

Thanks

Hi

Forgive my ignorance but what is a "PSO" I am in the early days of starting divorce procedings and I also have an NHS pension. As requested by my SOL I am about to apply for a CETV for my pension I have requested my husband to do the same, he has a teaching pension of approx 40 years. I have only been in mine approx 20 years due to bringing up children. He has on average earned about 50% more than me in the 17 years we were married (2nd time for both of us). What does it all mean - I'm very confussed.

Hi,

PSO..pension sharing Order.
You are lucky that you can make a claim against his..my ex has no pension so therefore i get nothing!!
The rules can be different in England so i would not be the best to advise on it. The NHS pensions people have advisers who can help you,

Spending £3k to get £1,700 of CETV looks mad - but if your ex's share stays in the NHS scheme linked to ?CPI ?% until they can take the pension into payment and then draw the income for eg 20 years - is that worth a lot more to them than £3k charge?

PS NB "As I understand it" NB NB -
Until your Decree Absolute is declared the PSO won't "take effect" - there's a tiny window to rewind before the PSO is issued before the pension scheme has splashed any cash on implementing the PSO : does your ex understand what s/he's getting/being charged - would s/he want to change it?
Would it cost more to withdraw from sharing?
Is it a psychological triumph for him/her?
Is your ex a pensions actuary?

In scotland you just get a decree of divorce, you don't go through the process of Nisi..then wait on Absolute, when the decree of divorce is issued thats it done.

What is a pensions actuary??

I is completely a triump....he is trying to get legal aid to pay the fee!!!

Ooer sorry k - forgot it's a scottish divorce.
Pensions actuary - person with 3 or 4 brains hardwired for maths/maths/more maths who understands/enjoys pensions and earns a living advising on them and "explaining" them to others.