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Previous divorce
Flu_strength_Darren
Posts: 40 Forumite
Hi all.
I divorced in ,2010, a quickie amicable divorce with no court involvement re finances, however we were married roughly 6 years whilst I was in final salary pension scheme. Will the ex get any of my pension, Ur is it automatically done when retiring, or does it need sorting at time of divorce?
I divorced in ,2010, a quickie amicable divorce with no court involvement re finances, however we were married roughly 6 years whilst I was in final salary pension scheme. Will the ex get any of my pension, Ur is it automatically done when retiring, or does it need sorting at time of divorce?
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I ask as this year's pension summary didn't rise much at all compared to last year's, and on the back on one of the bullet points it does state"this DOES"take into account any divorce orders" whereas previous years state it doesn't?0
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It's done as part of the divorce order - but it isn't automatic.
If your ex has been awarded a pension sharing order you would have been given all the information - and probably had to pay admin fees - long before now.0 -
Can't understand why my projected pension only went up 300 quid this year then, it been raising nearly a grand last 2 statements, I can only think of the divorce as a reason.0
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Can't be - if your ex had been awarded a pension sharing order (and I doubt she has as you say that no court order was issued) then your pension would have gone down.Can't understand why my projected pension only went up 300 quid this year then, it been raising nearly a grand last 2 statements, I can only think of the divorce as a reason.
It's a final salary pension - have you reduced your hours or taken a drop in pay in the last year?0 -
When I got divorced quite civilised we didn't get any solicitors or courts involved. Just our financial advisor worked out what we were worth and how to share it.with regards to my occupational pension we agreed that I would pay a quarter of the lump sum and that was it..but it didn't happen automatically I needed to pay the cash when the time cameNo.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
Ours was just a 500 quid minimal solicitor divorce, we split the bank account and that was it, never thought about the pension at the time.0
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When I got divorced quite civilised we didn't get any solicitors or courts involved. Just our financial advisor worked out what we were worth and how to share it.with regards to my occupational pension we agreed that I would pay a quarter of the lump sum and that was it..but it didn't happen automatically I needed to pay the cash when the time cameFlu_strength_Darren wrote: »Ours was just a 500 quid minimal solicitor divorce, we split the bank account and that was it, never thought about the pension at the time.
If the court didn't seal this as a 'clean break' order, your exes can apply for the financial agreement to be reconsidered at any time, as could you.Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the endQuidquid Latine dictum sit altum videtur0 -
We signed a clean break formNo.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
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When I got divorced my ex was awarded 40% of my DB pension pot as the court simply added my CETV and her CETV (both public sector pensions), split it equally down the middle and ordered her to i) pay the cost to transfer and ii) to do it within 12 months, I believe the cost was around 5k.
By not getting a clean break for finances sealed by the court the ex may come back at a later date to seek a pension sharing order so if I were OP I'd seek a court order or see a solicitor for a free half hour to discuss options to protect self against possible future action which may be simply keep clear records of contribution history.CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!0
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