Does divorce affect pensions?
Last updated: 06/03/2014
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How does divorce or dissolution of a civil partnership affect
Following a divorce or dissolution of a civil partnership your
ex spouse/civil partner may be entitled to part of your
pension. If a pension sharing order is put in place, the
pension will be retained by the Cornwall Pension
Fund(CPF), until your ex spouse/civil partner
reaches their normal pension age.
If you divorce, your ex spouse or ex civil partner will cease to
be entitled to a widow's, widower's or civil partners
pension. However children's pensions will not be affected by
divorce or dissolution of a civil partnership.
If you have previously nominated your spouse or civil partner to
receive a death
grant, this nomination will remain on your pension record until
you change it. We strongly suggest that after divorce
you complete a new expression
of wish for lump sum death benefits form.
What is a cash equivalent transfer value?
Your solicitor will require a cash equivalent transfer value
(CETV). A CETV will provide specific information about your
pension, the court will take this value into account in your
Requests for CETVs must be made in writing to the Pensions
Section using the contact details on the right. It is
important that you state the reason you require a CETV is for
divorce purposes and you should also specify the full address that
you require the details to be sent to. You should allow up to
6 weeks for the CETV to be supplied.
The court may decide to
Buster may help with pensions terminology.