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maggie
Posted by
Platinum Member

28 Jan 08 #12177 by maggie

Topic started by maggie

Just another trap.
When you share a contracted out pension you also share the Protected Rights - the "government contribution" -NI rebate/tax relief.When they're transferred on divorce they're called Safeguarded Rights and treated differently from all other Protected Rights - eg you can't take 25% of safeguarded rights as a cash lump sum.
After the Consent Order I thought the proportion of Protected Rights in my share of the pension looked wrong - it's two thirds of the CETV.I've tried to check that it's right with HMRC and the pension scheme administrators but they've refused ; they say the amount of my safeguarded rights is based on the amount of the Protected Rights in the original pension in his name and they can give me no information on the pension in his name unless he asks or they're ordered to by the court. He is unlikely to help.
Maybe how much is Protected Rights should go on your list of things to know about the pension you're thinking of sharing?

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