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No Pension Share.

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08 May 20 #512339 by share.index
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Civil Service Classic Pensioner.
When divorcing, MUST I go for a pension share or Earmarking Order?
Pension Share fees would set me back around £5000 despite only receiving a very modest monthly pension income. I would prefer to offer a cash lump sum to my spouse from my share of our savings assets. I am waiting out for a reply from the Civil Service but this killer virus is causing delays. Anyone been this way before?
Thanks in advance.

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09 May 20 #512341 by WYSPECIAL
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Pensions form part of the pot to be split. How the pot is split is down to agreement, you don't have to split each individual asset.

Your ex may well prefer a lump sum instead. You don't state your ages but it could be some years before they could benefit from the pension.

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09 May 20 #512350 by share.index
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Thanks for your input. We are both pensioners. I also have a 1975 army pension that I'm receiving and also the Civil Service pension (CSP). My army pension will be Pension Shared and I have the CETV.
Would the court judge also want the CSP expensive equivalent (PCEV) costing £626.99 + VAT to consider if the agreed planned lump sum for the CSP would be fair. I hope to continue to receive my monthly CSP intact despite being divorced. If you could add a little more info WYSPECIAL it would help this side of completing the Consent Order. Thanks.

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09 May 20 #512352 by WYSPECIAL
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Sorry I'm not a pensions expert.
If you are both in agreement though and have had the opportunity for legal advice and the agreement doesn't look to be ridiculously one sided then the judge is likely to just agree it.

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09 May 20 #512355 by share.index
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I appreciate your response. I was asking too much .
Thanks for your input. It’s great forum. Thanks.

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