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Topic: Re: Pension sharing
Written By: Rob Duh - 6 days ago
Forum: UK Divorce Forum
Will app: everything has a value or can have a value placed on it but a physical asset such as a car or a house or cash in a bank account is surely different to a value put on a future income stream. The question I put to HatMan earlier has still not been answered: if you had an income of £50k a year and were forecast to receive it for the next 20 years would that mean you had a shareable asset
Topic: Re: Pension sharing
Written By: Rob Duh - 6 days ago
Forum: UK Divorce Forum
davidterry: I have answered your questions!
Topic: Re: Pension sharing
Written By: Rob Duh - 8 days ago
Forum: UK Divorce Forum
davidterry: If you’re confused how do you think I feel? My ex took action against me for financial remedy in the form of a pension sharing order. Under the “Orders” section of the Financisl Remedy Order it is simply listed as a Lump Sum Order with no additional specific information. The situation is exactly as you’ve described: values were placed on our respective pensions and becaus
Topic: Re: Pension sharing
Written By: Rob Duh - 10 days ago
Forum: UK Divorce Forum
Despite feeling that I have provided detailed information already I will clarify the points raised by davidterry again. There has been a pension sharing order in favour of my wife as stated above. It did not involve the transfer of any part of my pension rights to her. I was not ordered to pay her anything out of my monthly income. I was ordered to pay her a lump sum by way of a pension share.
Topic: Re: Pension sharing
Written By: Rob Duh - 11 days ago
Forum: UK Divorce Forum
Once again Hitman you’re failed to understand. I have had to provide a share of the value, not the benefit. Fortunately the numbers weren’t that bad so i haven’t been left trying to find £500k. But my point is, in principle, that’s exactly what I’ve been ordered to do and others could, in theory, also be ordered to do. That is the difference between having a genuine marital asset such
Topic: Re: Pension sharing
Written By: Rob Duh - 14 days ago
Forum: UK Divorce Forum
HatMan please answer my question. If there is no difference between having £500k in the bank and a pension “valued” at a difference of £500k even though it’s totally unfunded where would you get that £500k from? Since when has it been right - or fair as required by the law - to use a non-existent asset as a means of distributing real physical assets such as cars, houses etc. If there i
Topic: Re: Pension sharing
Written By: Rob Duh - 15 days ago
Forum: UK Divorce Forum
I’d just like to ask HatMan, and anybody else this: if you had an income of £50,000 a year and were expected to continue receiving it for another 20 years would you be a millionaire? (Do the maths HatMan even you should be able to cope!) If you were getting divorced would you expect to have to give your wife £500,000 and, if you did, where would you get the cash from? At least Mr White (as
Topic: Pension sharing
Written By: Rob Duh - 4 weeks ago
Forum: UK Divorce Forum
I’ve recently been on the wrong end of a pension sharing order and I still can’t decide whether or not to appeal against it. My wife and I were both civil servants who retired at age 51. We were members of the ‘classic’ pension scheme which is totally unfunded; we did not pay a penny of contributions into it and neither did our employer. We are simply paid an annual income out of the p
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