Divorce - Galbraith and Tax

HeWhoDares

I have a pension, but my wife doesn't.  Let's say the pension pot is £200k (Defined Contribution (DC) Pension).
I'm considering offering a lump sum payment, but know I don't want to offer £100k cash.

So I saw Galbraith tables.
I looked up "Current Age" against "Retirement Age" and the figure came back as 0.598.   
(Based on Age = 51, Retirement = 67)

So I multiplied this with with the £100k to get £59.8k - and thought this is the Lump Sum to be offered. 

However, there are tax implications.   Assuming I am going to retire on basic rate, Galbraith suggests a 15% adjustment (which I assume would mean £59.8k * 0.85 = £50.8k)

So I could offer - based on Galbraith - £51k as a settlement.  

IS THIS CORRECT?

But what if I was to assume I would take half of my £100k at 55 (Galbraith says this is 0.948, but with a 30% adjustment).   Do I need to even think about this?


Thank you ever so much!!!

bolwin1

I had to google Galbraith tables as I've not heard of them. However, it appears that these are used for defined benefits pensions, not defined contribution ones. For defined contribution pensions, I'd expect the starting point to be a 50/50 split, with consideration for the tax to be paid.