divorce

[unionjack0]

Hi guys bit of a long shot, but going through a divorce at the moment,everything being done amiably,a no property involved and the kids both over 18,but have been informed my ex is due some of my royal mail pension, has anybody been in the same situation recently and any idea what percentage she would be due.Been in the job for 13yrs and was married for 22yrs.I have no problem with my ex recieving what shes due and would rather have some idea without involving expensive solictors

[RobertT]

To be honest I haven't got a clue how much she's likely to get, but the following is an extract from the Guide to Benefits for Section C members, I hope it helps.

How does divorce or dissolution of a civil partnership affect
my benefits?

If you get divorced, or you have a civil partnership dissolved, the court can take account of your pension benefits in your divorce/dissolution settlement in
one of the following ways:
1) Offset the value of your pension against other assets;
2) Attach an order for future payment to your ex-spouse (or former
registered civil partner) against your pension rights – usually referred to as
‘earmarking’ or ‘attachment’; or
3) Share pension rights at the time of divorce/dissolution through a pension
sharing order.

You should request information from the Pension Service Centre (PSC) on the value of your pension benefits at the time proceedings for divorce/dissolution begin. If you require more information about how your pension benefits may be affected by divorce/dissolution and what charges might be payable in order to comply with any Court Order concerning your pension, please contact the PSC.

[unionjack0]

cheers m8 will give the pension pple a ring tomorrow

[baldrick]

What she would be entitled to if it went to legal proceedings would depend on various considerations. If she has a company pension of her own, if she had to give up work to raise children it would affect the amount.
If she was looking after children and does not have a company pension of her own she would probably be awarded 50% of your pension.
That is what was awarded to my sister in law after she was divorced from my brother.
Sorry to hear of your divorce, but good that is amicable. Best not to involve lawyers if you can. That's when it became acrimonious for my brother.

[heapsy]

Hi guys bit of a long shot, but going through a divorce at the moment,everything being done amiably,a no property involved and the kids both over 18,but have been informed my ex is due some of my royal mail pension, has anybody been in the same situation recently and any idea what percentage she would be due.Been in the job for 13yrs and was married for 22yrs.I have no problem with my ex recieving what shes due and would rather have some idea without involving expensive solictors

Went through this back in 2000/01. Basically the solicitors look at the assets of both parties. Pensions, endowments, savings, investments, property etc. You are supposed to get 50/50. There are a number of ways it can be done and I actually kept my ex out of my pension. I paid the lions share of the bills to settle everything like the house sale. In the end I got about 13.5k. . This included an endowment in joint names on the mortgage we had, which I surrendered plus a little cash left over from the sale after the mortgage was settled. I managed to keep her out of the pension, even though hers was worth less. Good job I did as, unknown to us RM later changed our pension and effectively devalued its future worth. I would strongly suggest you do likewise, if your assets are worth more than hers. You don't know what lies around the corner. Early retirement on health grounds, remarriage possibly? Remember that "earmarking" as they call it could be very costly. The potential payout from your future pension could be huge. Basically, up to the date of divorce the pension is split. A portion given to the spouse. This is payable when the you retire an lasts for life. This will be crippling if you meet someone and have to start again. By the way, I took my money and paid a deposite on a 1 bed flat. Cleared the mortgage in March 2010. Got a nice wad in the bank and started investing in shares. Didn't have any kids so am free of bills. Hope this helps a bit and good luck in the future. It is a slow and sometimes heartbreaking path in this situation. I never bothered meeting anybody, I'm 45 now and don't think I ever will but at least I am free of the idiot I once thought the world of.