Splitting Pensions

My ex and I have decided to split our pensions 50/50.He has 3 worth £ 244,104 £44,498 and £28,226.I have two £27,078 and £4,619.Could someone tell me how much of his largest pension I would receive if we split only that one. Thanks.

The total of the 5 is £348,525

So a complete split is £174,262.50

Which means you currently need £142,565.50 to equalise

But that is a big assumption that all the pensions are identical Defined Contribution pots with no additional benefits attached that may mean the other pots should be split or transferred first

The aim should be to equalise incomes in retirement. If the pensions are a mix of types, you may well need an actuary to work out how to do this.
If the biggest pension is a defined benefit one that ideally is the one that should be shared.

Hadenoughnow

The largest pension is defined benefit. What % of the largest pension would my share be? Can I also ask do both parties have to submit a Consent Order and how long do I have to do this?I have agreed in principle but I need time to check the pension sharing is correct as lots of numerical errors have been made in the past. I am the respondent and not clear on what happens next. Had FDR yesterday and both parties have accepted the judges ruling on what is a fair settlement. Many thanks for your prompt reply.

Is the pension share based on an actuary's report on equalising incomes?? If yes then they are the experts at calculating pension share.

Or has it been done purely on a capital values basis??

The judge cannot impose a settlement at FDR. They can give a view but you can only settle by agreement. If you agreed at FDR, what arrangements are being made for the consent order to be drafted??

Hadenoughnow

We are splitting capital values. Judge gave opinion which was exactly what I proposed. We agreed and his lawyer I feel is hassling me to agree to her figures on splitting of pensions before Friday which I feel is really quick as FDR was only Monday. I want to seek advice to check figures as she was £45,000 out with her calculations on his position statement. She said she was going to draft a consent order as he was applicant. He lied over 6 times on statement which I could and did prove so I do not have faith in her calculations or his honesty. I represented myself but will get a lawyer to check everything from now on.

I make it 58.4% of the DB pension to you to equalise capital values.

Hadenoughnow