Quizzes & Puzzles5 mins ago
Ex Wife Wants A % Of My Pension
My ex wife has discovered from somewhere or someone, that she can claim a percentage of my pension.
Apparently she can only claim a certain percentage of the 10 years we we're married.
I'm not sure of the percentage, but I been told its not that much.
We have been seperated now for over 12 years, and devorced about 5 years ago.
The problem I have isn't so much cooperating and letting her have what shes entitled to, but my employer is always encouraging employees to increase their contributions so that we won't be forced into potential Pension poverty in later life. For example my parents are both in their 90's, so I wouldn't want to be struggling financially in later life.
My point is if my ex wife ends up claiming a percentage of something I am supposed to be relying on in my twilight years, then surely this will mean I could be in trouble in later life.
My main questions are what percentage is she entitled to in the 10 years we were married?
2nd question, how can she claim it now before I am even allowed to touch it yet myself?
She is under the illusion she can start drawing on her percentage already, but as far as I know she can't have hers until I naturally retire and start drawing on it myself.
Any advice will be appreciated, as me and pensions are like, well I am so confused. I just don't understand them.