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Pension sharing Implementation

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30 Jan 08 #12346 by maggie
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Hi RussH
I'm no expert - just gone through sharing a pension - got the bruises to prove it.
The pension being shared is a contracted out money purchase pension in your name
Your ex will have had to transfer out into another scheme?
I believe if they say they've discharged their liability that means your scheme have done their bit and your ex's share has left your fund .They won't discharge liability until they've got everything owing - once it's discharged that's it.
Out of interest- seeing as you're contracted out- have the scheme confirmed how much of the total CETV was "Protected Rights" ?

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05 Feb 08 #12890 by russH
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Thanks for this .
I had a letter from the scheme administrators saying that they have issued the discharge of liability. So ...if they have done that then they must have done it at no cost to me?
Regarding the Protected Rights... All the COMPs fund is Protected Rights

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05 Feb 08 #12891 by maggie
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Hi RussH
I completely misunderstood Protected Rights - mine came from a contracted out final salary scheme - I thought they were just the SERPS NI rebate not the whole shebang since 1997 - bit of a pain when they're transferred on divorce and become safeguarded rights - no tax free cash .

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