FundRobot » Pension Funds » Query about a pension sharing scheme?

Reply
Old   #1 (permalink)
 
Posts: 2,578
Default query about a pension sharing scheme

I have been awarded 54% of my ex husbands Naval Pension. I will receive 54% of the pension value as the value stands now.
My question. Do I have it all cash to my bank or do I have to reinvest it to pay me a monthly sum. I will get 25% cash in hand, so to speak, if I have to invest it.
Any advice greatly appreciated

CallMeNow is offline   Reply With Quote
Old   #2 (permalink)
 
Posts: 2,506
Default query about a pension sharing scheme

You never get to get hold of all of a pension as cash unless it is a really small fund.
You can take 25% as tax free cash but the rest will be used to give you an income.
Tech009 is offline   Reply With Quote
more..
Reply

Bookmarks

Thread Tools