I am in the military and have served 21 years. We have been married for 12 years and separated 2 years ago. She is asking for 40% of my total pension. Is this fair?
Hi Teresa, Thanks for reaching out to us! A Pension Sharing Order is a court order that allows couples to divide their pension funds upon divorce. It can only be used to share a pension with a former spouse or civil partner. You can find out more about how Pension Sharing Orders work on our website at: www.pensionbee.com/uk/pensions-explained/pension-rules/pension-sharing-order Alternatively, if you'd like some guidance about your assets, you may wish to reach out to Money Helper, a free government advisory service or your local Citizens Advice Bureau. Here are their links: www.moneyhelper.org.uk/en www.citizensadvice.org.uk/ We hope this helps! Kind regards, Team PensionBee
I am in the military and have served 21 years. We have been married for 12 years and separated 2 years ago. She is asking for 40% of my total pension. Is this fair?
Can the ex spouse give the part of pension give to someone besides his ex
Hi Teresa,
Thanks for reaching out to us!
A Pension Sharing Order is a court order that allows couples to divide their pension funds upon divorce. It can only be used to share a pension with a former spouse or civil partner.
You can find out more about how Pension Sharing Orders work on our website at:
www.pensionbee.com/uk/pensions-explained/pension-rules/pension-sharing-order
Alternatively, if you'd like some guidance about your assets, you may wish to reach out to Money Helper, a free government advisory service or your local Citizens Advice Bureau. Here are their links:
www.moneyhelper.org.uk/en
www.citizensadvice.org.uk/
We hope this helps!
Kind regards,
Team PensionBee