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    • letspretendforaminute
    • By letspretendforaminute 14th Feb 18, 12:52 PM
    • 55Posts
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    letspretendforaminute
    Pension Splitting on Divorce
    • #1
    • 14th Feb 18, 12:52 PM
    Pension Splitting on Divorce 14th Feb 18 at 12:52 PM
    Thereís £150k in one SIPP (wifeís names) and £30k in another SIPP (my name) is it possible to join the two into my wifeís name on divorce and offset this with £135k of cash from the marital home so I can buy a property to live in myself? Overall Iím looking at sharing all assets 25:75 in favour of the soon to be ex-wife.
Page 1
    • dunstonh
    • By dunstonh 14th Feb 18, 12:56 PM
    • 93,032 Posts
    • 60,418 Thanks
    dunstonh
    • #2
    • 14th Feb 18, 12:56 PM
    • #2
    • 14th Feb 18, 12:56 PM
    There!!!8217;s £150k in one SIPP (wife!!!8217;s names) and £30k in another SIPP (my name) is it possible to join the two into my wife!!!8217;s name on divorce and offset this with £135k of cash from the marital home so I can buy a property to live in myself?
    If that is acceptable to your wife and the courts, then yes.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Malthusian
    • By Malthusian 14th Feb 18, 1:06 PM
    • 4,255 Posts
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    Malthusian
    • #3
    • 14th Feb 18, 1:06 PM
    • #3
    • 14th Feb 18, 1:06 PM
    There's no technical reason why not. She could get a Pension Sharing Order which would transfer 100% of your SIPP to hers. It comes down to whether she agrees and the court agrees.

    £30k in a pension is worth less than £30k in her pocket, due to the restrictions and tax that apply on drawing it out. But not to the extent that you should only keep £135k from the marital home in exchange for her keeping £180k of pension. I'm not clear on how these offset each other as it's too much to be an equal exchange and too little to be a 25:75 split.
    • letspretendforaminute
    • By letspretendforaminute 14th Feb 18, 1:14 PM
    • 55 Posts
    • 9 Thanks
    letspretendforaminute
    • #4
    • 14th Feb 18, 1:14 PM
    • #4
    • 14th Feb 18, 1:14 PM
    Malthusian: there!!!8217;s ~10years of school fees left to run and while I!!!8217;m jointly and severally liable to pay them I want to be in a postion where we can split these costs as they arise so taking the pressure off by being equitable and fair.

    Thank you both for the speedy response.
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