I'm currently going through a divorce, and I'm stuck with my pension
28 September 2021
Question by Mark
My wife and I are currently moving towards a Divorce. I'm retired with a Pension, and my wife works and currently has 3 pensions. My question is as follows. My Pension is higher in CETV value than my wife's three pensions based on her CETVs, and she has requested a 33% proportion of my pension as a settlement. Is this too much based on the fact that she currently has 3 pensions and is only 56.
Answered by Boring Money
Pensions are often shared on divorce, sometimes pre-retirement and sometimes when in payment.
To ensure a fair answer, this would need to be considered along with all the other facts on the divorce settlement, rather than a stand alone pension question.
The sharing of other assets would need to be factored in, along with the living costs each of you are going to incur as well as your wife's earning potential during the rest of her working life.
If everything is being split 67/33 in your favour, then (without knowing the full facts) it would not appear unreasonable to also split the pension this way.
If you would like to discuss this in more detail please feel free to get in touch.