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Teachers pension vs Railway pension

  • hadenoughnow
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11 Feb 22 #518870 by hadenoughnow
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As with everything concerned with financial settlement on divorce, the answer is "it depends".

What would suitable alternative housing cost?
How much mortgage can you each reasonably raise?

I suspect there won't be a huge difference in mortgage capacity.

Your housing needs are the same.

If the assets accrued during the marriage are to be shared equally, it does look like pension sharing should be explored.

Hadenoughnow

  • Shonalee
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13 Apr 22 #519167 by Shonalee
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Continuing saga with this pension! Finally my STBX has paid for the actuary on his side and submitted his forms etc.
However, now he wanting me to complete a medical assessment form (cost 175+ VAT)
I have ulcerative colitis- which does increase my risk of bowel cancer significantly.
He is a heavy smoker which increases his risk of Cancer significantly.
Whilst I'm not totally opposed to completing the medical form, I feel it unnecessary-
"Where there is a clearly diagnosed medical condition with a substantial probability of impaired life expectancy, this should be reflected in the calculations. More minor or less obvious conditions, especially where there is the possibility of change (e.g. a heavy smoker or drinker, or overweight or obese) should not normally be reflected in the calculations."
This is the advice from the actuary regarding health- I have never considered my health to impair my life expectancy.

Should I just complete the health form and keep the peace or argue against? He is threatening court if I don't complete the form.
Thanks in advance

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14 Apr 22 #519179 by hadenoughnow
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I guess a medical condition that may mean early retirement is on the cards would be a reason for looking at different ages for pension sharing.
Given the potential costs of court it may be as well to just go with it. Remember though that the actuary can only provide calculations. You will need to agree which pension sharing option to take. A lot depends on what instructions they have been given.

Hadenoughnow

  • Shonalee
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14 Apr 22 #519182 by Shonalee
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Thank you so much for your reply

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