Q&As

Can a pension sharing order be expressed by reference to a lump sum rather than a percentage?

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Published by a LexisNexis Family expert
Published on: 16 March 2018
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A Pension sharing order must be expressed as a percentage of the pension arrangement’s cash equivalent (CE) value—it is not possible to fix an amount and the CE figure that is eventually shared will invariably be different on implementation (calculated on valuation day) than the figure that was obtained for disclosure purposes (calculated on the valuation date). This follows the provision in section 21A(1) of the Matrimonial

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Pension sharing definition
What does Pension sharing mean?

Provides a spouse with a share of a pension scheme member’s retirement benefits on divorce.

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