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Final Salary pension sharing

  • maggie
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10 Feb 08 #13382 by maggie
Topic started by maggie
An ex-wife aged 60 gets a 40% share of a final salary scheme pension CETV. She is offered scheme membership on a defined benefit basis by the pension scheme; how can she calculate what her annual income from defined benefit scheme membership would be?

  • Louise11
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10 Feb 08 #13397 by Louise11
Reply from Louise11
Hi Maggie

You have to write off to the pension fund and ask them. They should provide you with a statement every year, same way they do for the pension holder.

Kind ones
Louise

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10 Feb 08 #13406 by maggie
Reply from maggie
Sorry - I wasn't very clear.
I meant a bit earlier in the process when you're still deciding what to do with your pension share - when you've agreed your percentage of a final salary pension on the basis of the CETV and as an ex-spouse the pension scheme is offering you scheme membership with defined benefits but tells you that you can also opt to transfer out - it's up to you to decide.
How do you decide whether to keep your share in the scheme or transfer out?
Does it make any real difference?

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