Pensions and divorce

Paulie29

Hi

I'm currently going through a divorce and am wondering what entitlement I have to my spouses pension.

I've been married for twenty years and have brought up our three children whilst my spouse has worked and built up a successful career.
I never took out a pension from my part time job as my exes pension would have provided a good pension for the two of us. I have supported his career and brought up the kids but now have no pension and think I should get something.

Any advise would be appreciated.

NAR

All marital assets, including pension, go in the pot for division by way of a Financial Consent Order. What pension you receive will depend on how the rest of the marital assets are split.

bigadaj

Pension should form part of the whole finances, and so should be put into the pot. It can be split, or th value considered and offset against property, savings and investments. For many people a pension can be the single largest asset apart from a property, and may still be the largest where houses are heavily mortgaged.

You need to discuss this with your solicitor as. Part of any settlement.

atush

And if your spouse has a FS pension, I would not advise taking a transfer value. Transfers of cash, are very much not to your advantage. Instead get your half of the pesion in your name but under the FS scheme in a 'splitting order'.

Your OH might give you a 'transfer value' so offer to give you more of the house or other assets. but these transfer values are not likely to buy you the same income in retirement.

Take advice.

If your husband is a higher earner, he may try to defer bonuses until after divorce. Or hide assets. Delay a promotion. I have seen all of these happen.

Get advice now.