Pension from 55 question

[glashIFA@Paramount]

Yes your pension will go into the pot to be shared. She wouldn't have to wait until you are 55, the divorce court can dip into your fund at the time of the divorce. (I presume it gets transferred into a pension for her, but not sure.)

You get divorced, you both fill in Form E's which is basically an individual financial statement. You then sit down and thrash out who gets to keep what etc. If there's a pension pot then there are various options. You can "earmark" it - other half gets a % when you take benefits in the future - not a commonly used option. You can "offset" it - i.e. you keep the pension, she gets the house type of thing. Or you can "share" it. It's calculated at its current value, you agree a % split of that value and the % is transferred now into a pension in her name and you both move on independantly from a pensions point of view.

[handyandy]

Nothing is.

Bottom line...if you don't want to get fleeced, don't get married.

Let's try and be a bit more positive about equality issues - marry a rich chick and fleece her!

[PM-Junkie]

Nothing is.

Bottom line...if you don't want to get fleeced, don't get married.

[contractor79]

Yes your pension will go into the pot to be shared. She wouldn't have to wait until you are 55, the divorce court can dip into your fund at the time of the divorce. (I presume it gets transferred into a pension for her, but not sure.)

oh my, not even that is safe

[IR35 Avoider]

Hi
So you pay into a pension thing which you get out at 55.

If you divorce before you're 55 would your ex-wife get their hands on any of that pension?

say you separate when you're both 40 it would seem very unfair 15 years later for her to get some of that

Yes your pension will go into the pot to be shared. She wouldn't have to wait until you are 55, the divorce court can dip into your fund at the time of the divorce. (I presume it gets transferred into a pension for her, but not sure.)

[contractor79]

Hi
So you pay into a pension thing which you get out at 55.

If you divorce before you're 55 would your ex-wife get their hands on any of that pension?

say you separate when you're both 40 it would seem very unfair 15 years later for her to get some of that