downnotout at 05.07.2018 8:02:33
Pension valuations are not considered the same as cash assets by the court. All assets are looked at, but as you rightly say, cash today (for example from the sale of property or savings) is considered potentially more valuable than pension in the future. When splitting assets this should be taken into consideration, along with other factors such as providing for any children, your age, your income, and ability to provide for yourself (which may be diminished if you have stayed at home to raise children for example) .
A CETV (Cash Equivalent Transfer Value) enables you to compare pensions with pensions. It’s not as simple as adding everything up and dividing by two – which is why you should speak to one of our divorce coaches or seek legal advice on your specific circumstances. You can book a free 15-minute advice call here.
Hannah Hodgkinson at 05.07.2018 8:02:33
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