Pension Divorce Calculator
Estimate how pension assets could be shared or split in a divorce settlement.
Summary
About the Tool
In a divorce or dissolution of a civil partnership, pension assets are often one of the most significant parts of the marital pot. They are typically shared to ensure a fair settlement for both parties. This calculator is a simple tool to help you model how a total pension pot might be divided based on a specific percentage split. It is designed to provide a starting point for discussions and to illustrate potential outcomes, not to provide financial advice.
Key Features of Our Tool
- Global Currency Support: Select from a list of major global economies to perform calculations in your local currency.
- Combined Pot Calculation: Easily combine two separate pension pots to see the total value being considered.
- Interactive Split Slider: Use the slider to dynamically adjust the percentage share for each partner and see the results instantly.
- Clear & Simple Summary: Get a straightforward breakdown of the total pot and each partner’s resulting share.
How To Use This Tool
- Select Your Currency: Choose your country from the dropdown menu to set the currency for the calculation.
- Enter Pension Values: Input the Cash Equivalent Value (CEV) for both Partner 1’s and Partner 2’s pensions.
- Adjust the Split: Use the slider or number input to set the percentage of the total pot that Partner 2 will receive. The share for Partner 1 will adjust automatically. A 50% split aims for equality.
- Click “Calculate”: The results will show the total combined pot and the value of each partner’s share after the split.
Frequently Asked Questions
1. What is a Cash Equivalent Value (CEV)?
The CEV (sometimes called CETV) is the cash value of a pension pot. You must request this value from your pension administrator. It is the figure used by courts for divorce proceedings.
2. What is a Pension Sharing Order?
A Pension Sharing Order is a legally binding order from a court that instructs a pension provider to give a percentage of one partner’s pension to the other. The recipient then holds that pension credit in their own name, often within the same scheme or by transferring it to a new one.
3. Is a 50/50 split always the case?
No. While a 50/50 split is a common starting point for assets built up during the marriage, the final division depends on many factors, such as the length of the marriage, the needs of each partner, and other assets involved. This should be agreed upon by the couple or decided by a court.
4. Does this calculator provide legal or financial advice?
Absolutely not. This is a simple modelling tool for informational purposes only. The division of pensions in a divorce is a complex legal and financial matter. You must seek independent legal and financial advice.