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Cash settlement ins...
 
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Cash settlement instead of pension sharing

 
(@claret26)
New Member Registered

Currently separated and at the stage of dividing assets for the divorce clean break financial order.  All been amicable so far and maintenace is being paid.

I have a pension, she doesnt.  She doesnt want a pension sharing order, but wants a cash exchange settlement instead.

I have the cash equivalent value of my pension, but this value also includes my additional contributions added since I separated.

Without going through solicitors, Im thinking it seems fair a settlement woould be based upon 50% of the current value less additional contributions, less a % (given tax would be deducted from any pension she otherwise recevied later in life, or as its cash now).

Anyone have any views from experience with the court on this etc?  Views appreciated please

Quote
Topic starter Posted : 14/11/2024 1:49 pm
(@dadmod2)
Illustrious Member

hi,

there is some advice here:

https://www.moneyhelper.org.uk/en/family-and-care/divorce-and-separation/pension-sharing#:~:text=Under%20a%20pension%20sharing%20order,i t's%20important%20to%20act%20quickly.

ReplyQuote
Posted : 14/11/2024 3:18 pm
(@passmetheball)
Active Member Registered

@claret26, ask for all contributions since separation to be ring-fenced for exclusion from final settlement figure. I did this via mediation and was accepted as a fair point. No lawyers involved, family mediation service. 

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Posted : 14/11/2024 4:43 pm
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