pension split advice

hi all,
I have a question on pension division. Getting divorced after 10 year marriage and co-habiting 1 year before that, me 51 wife 46 no children. both employed

my pension pot is £500,000
Wife’s pension pot £150,000

i started paying into the pension in 1990, 19 years before we got married.
The sale of our house will give my wife approx £250,000 cash. this is enough to buy a 1 or 2 bed flat where we live. Plus she can get a mortgage for £180,000 if she wants. Due to a deed of trust that we both signed 3 years ago, I hope to get £370,000 cash from the sale of the house

I think my wife will try to claim some of my pension.
My questions are; bearing in mind I paid into the pension many years before I got married how would they calculate her share if any?
The other point is that my pension scheme was dramatically altered in 2007. The accrual rate became far worse after that point. As it stands now my pension at age 55 will be £18,000 per year. But of that figure, £14,000 per year was earned from pension payments made before 2007. Does that mean a court would say that the £14k per year cannot be shared as it was acquired before marriage? My wife’s pension at age 55 is aprox £5,000 per year.

Any insights gratefully received.

They will use the CETV values at today’s rate not what will be paid at retirement age.

How much of your ex’s pension was accrued during the marriage? If you want to ring fence she will too.

Hi thanks for your reply.
I think approx 60% of my wife's pension pot of £180000 was accrued during the marriage
approx 30% of my pension pot of £500,000 was accrued during the marriage

Based on your rough figures, the difference in pensions accrued during the marriage is some £42k.
to even things up you could offset by handing over £21k in cash.

If necessary you will need to pay an actuary to do an accurate calculation.


Hadenoughnow

thanks for that, I had terrible visions of having to give up a lot more.
we also have AVC's, hers £31k me £60K. would they be treated in the same way as the pension? i.e. split depending on how much was accrued during the marriage?

Because the sale of the marital home will give her enough to buy a flat in the area, would that mean a court would not be looking to award her any more of my pension pot?
even though I should get more equity from the sale of the house due to a deed of trust we both signed with independent solicitors.
(I purchased the house with a 40% deposit before meeting my wife)