If you and your spouse or civil partner decide to legally end your relationship, you may need to request information on the value of your pension. This is to allow the courts to consider whether or not your pension should be shared with your partner and by how much. We’ll calculate a Cash Equivalent Transfer Value (CETV) representing the cash value of the benefits you’ve accrued in the Scheme, including your pension, any lump sum and dependant’s pension.

The court may award a percentage of this CETV to your ex-spouse or ex-civil partner, giving them pension benefits based upon the amount awarded by the court. If this happens your benefits will be reduced and your ex-spouse or ex-civil partner will become a pension credit member of the Scheme. A pension credit member is not allowed to transfer their share out of the Scheme or transfer into it and they cannot add flexibilities to boost this type of pension.

Find more information about the charges that may apply in our factsheet.

Last Updated: 08/12/2021 16:03


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