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Police pension CETV & CM when self employed.

  • Hatton1
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24 Mar 17 #490405 by Hatton1
Topic started by Hatton1
Hi all, sorry mulling a few things over in my addled brain and wondered if anyone could help with a couple of financial queries.

Just had initial mediation appointment, oh what fun we are going to have.

1/ So far ex is reluctant to pay for a CETV ( CEB ) on his police pension already in payment. Think the cost of this will be about £800. It's very hard to get an idea of the value but from extensive googling I believe his £30,000pa pension ( index linked as from year 5 - 2018 ) is somewhere around the £400-500,000 mark. Even if he does pay for a CETV what should I do then ? I have read public sector pensions are often undervalued and need an actuary report. Who pays for this and does it have to be him who arranges this ? Is t court ordered if he doesn't agree ?

Apologise if I am thinking too far ahead but I am just trying to be clear when attempting to negotiate. My idea is he keeps the pension and savings £140,000 and I receive the equity from the FMH £450-475,000. But I also realise £1 pension is not the same as £1 equity. So would really appreciate some advice on how they do equate to each other i.e. What does £1 pension get counted as, 50p, 25p ?

2/ have just found out he has finally quit his job - £40,000pa, so the child maintenance he has currently been paying is going to more than halved and now just based on his pension payment. He has stated he is going to go self employed. So how does CM get worked out then, as it all seems to be based on the previous tax year ? What he was trying to suggest was he would pay me different amounts month by month depending on profits. I really don't want this as I need to know what will be coming in as a definite amount each month to budget. To be honest I also don't trust him to do this fairly. So what if anything can I do ??

Sorry for the many questions, just trying to keep the kids and my own head above water. Thanks in advance.

  • Peg15
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17 Apr 17 #491181 by Peg15
Reply from Peg15
Pensions are awarded as a % not in pounds, so you will need an actuary once your stbx has got a CETV. Make sure the CETV is for divorce purposes as a standard one undervalues pensions especially if it's a police one. Hope this helps

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