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Pension Sharing Order - Options?
Options
Gasman2
Posts: 27 Forumite
My mother and step father are divorcing. They are both in their 70s (she is nearly 71).
He has been receiving an annuity for quite a few years, originally funded by a private pension.
As part of the settlement, she is getting 50% of the pension 'pot' by way of a Pension Sharing Order.
She is intending to purchase an annuity with her share - does she have any other options that she should consider?
Thanks.
He has been receiving an annuity for quite a few years, originally funded by a private pension.
As part of the settlement, she is getting 50% of the pension 'pot' by way of a Pension Sharing Order.
She is intending to purchase an annuity with her share - does she have any other options that she should consider?
Thanks.
0
Comments
-
No - she has to take an annuity from the pension pot. No lump sum is payable as it would be taken when her husband started to receive the pension. An IFA would help her find a good deal, maybe even an enhanced annuity if her health isn't good." The greatest wealth is to live content with little."
Plato0
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