Sleeping pension discovered

chesky

Sorry, meant to add that in nine years both your circumstances might change hugely. You could be made redundant and be out of work, he could be remarried and have been left an inheritance..... Or the other way round. Don't make any irrevocable decisions now when you can't foresee the future.

katyk_2

chesky wrote: »

My husband and I split in 1979. The finances were worked out on our situation THEN. He went on to earn a great deal more than I ever could but we didn't go back and try to change things -let's face it, you'd never be finished. If you feel strongly, wait until you've got your hands on the money and make recompense then.

Thanks, but my feeling was that this SHOULD have been taken into account then and would have been had I been aware of it. Any other changes eg one of us redundant, inheriting things etc would be changes that took place AFTER the date of separation and I am happy that they would not be taken into consideration, good or bad. OH does earn about 50% more per year than me but that does not seem to make it any fairer to make him hold off.

katyk_2

Spirit wrote: »

Approach the pension provider and explain this needs to be split due to divorce. You may find this is business as usual to them, for example they split your pension and create one for him or make transfer arrangements for his share to a pension fund of his choosing.

It does not involve you in any cash outlay at all .

Thanks - never thought of this but I will try it. I have already spoken to them though, to ask them to calculate back and provide me with the value as it would have been at date of separation so they do know it is for divorce purposes and they did not offer this as an idea. Still, worth a try - it would certainly put my mind more at rest

katyk_2

Gentoo365 wrote: »

It's 12k. The actual amount you will get each year from that pension is trivial. I would not be concerned.

If you both settled everything amicably I cannot see why he would be bothered about this. If you really feel the need to do something then send him half of the 25% tax free cash when you get it.

However I don't really see why you need to, you are separate people now and it's your money.

Thanks, but my feeling was that, had it been taken into account when it should have been, the end results of the division would have been that I was owe him about £6K more than I was for his part of the house, hence it would not have been a case of him having to wait all those years for a paltry addition to his monthly pension payout

Gaz83

chesky wrote: »

My husband and I split in 1979. The finances were worked out on our situation THEN. He went on to earn a great deal more than I ever could but we didn't go back and try to change things -let's face it, you'd never be finished. If you feel strongly, wait until you've got your hands on the money and make recompense then.

Yes, but what the OP is talking about is that this is money that did exist then, and just wasn't known about. What you are talking about is subsequent earnings made AFTER an arrangement.