CETV Calculation

Silvertabby

Phossy said:

If you want another method of estimating, go onto an annuity calculator and plug in some figures to get a match for your current pension (10k pa for life, no lump sum etc).

Won't work.  Only way is to ask the pension provider for a divorce CETV.

Silvertabby

DE_612183 said:

I'm not yet at the point of divorce - although that appears to be an option at the moment.

I just wanted to understand options if / when it comes to that.

I'd like to keep the pension and give my wife the house ( or at least the equity in it ) everything else sort of can get split 50/50.

That happens a lot - the values of the house and the pension are just classed as joint marital assets, and divided accordingly.  

In my LGPS days I did countless divorce CETV calculations - but only about 10%  progressed to an actual PSO (pension sharing order).  Likely that the one with pension rights kept those in lieu of a similar value share of the house.

Silvertabby

DE_612183 said:

I'm not looking for an exact figure - but ball park(ish)

No such thing in the case of a divorce CETV, I'm afraid.  Just too many variables.

If your divorce is diy/amicable, then you may get away your spouse agreeing to a figure that has been plucked out of thin air - but if you are going down the legal 'clean break' route, a Court won't.

Albermarle

Silvertabby said:

DE_612183 said:

I'm not looking for an exact figure - but ball park(ish)

No such thing in the case of a divorce CETV, I'm afraid.  Just too many variables.

If your divorce is diy/amicable, then you may get away your spouse agreeing to a figure that has been plucked out of thin air - but if you are going down the legal 'clean break' route, a Court won't.

Plus even if a divorce settlement is diy/amicable, there is nothing to stop one party coming back looking for more redress at a later date. Especially if the situation has changed , new partner , step kids, money problems etc.
So a legal clean break is better, even if the current situation is amicable.
Especially with a public sector pension involved, where the layperson will most likely undervalue it significantly.