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Newbie and confused

  • Starlett
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06 Mar 15 #457445 by Starlett
Reply from Starlett
Hi,

The pension is sorted via a pension sharing order, he will need to ask his pension provider for an up to date CETV. Once you have agreed on a % to share, this will be taken from his pension pot and put into yours.

Hope this makes things clearer for you

  • Gillian48
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06 Mar 15 #457447 by Gillian48
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Starlet is correct the % share is transferred from his pension pot into your own fund some let the pension stay in the same fund but in your name.
Depends on what type of pension it is some pensions are under valued by a CETV.
It also depends on the type of pension some you can draw it at 55 yrs but some are later.
Depending on your circumstances and what is better for you at this time you could offset the pension against more assets.

  • singanddance
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06 Mar 15 #457448 by singanddance
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He has a teachers pension and been paying about 300 pm for 20 yrs

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