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Family Law

What is a pension cash equivalent value?

A cash equivalent value may be something your family solicitor asks you to obtain.

A cash equivalent value may be different to the value of your pension fund because it will also include charges payable for transferring your pension. Depending on the type of pension you have, a cash equivalent value may not be provided on your annual benefits statement.  If this is the case, you will need to make a formal request for it to your pension provider. This should be done as early as possible as some providers can take up to three months to give you a cash equivalent value.

George Green’s Specialist Family and Divorce Lawyers regularly advise clients in respect of the financial arrangements post separation including pension sharing.  If you wish to discuss your matter call Mark Vandaele on 01902 328 930 (mvandaele@georgegreen.co.uk) at our Wolverhampton office or Rachel Baker on 01384 340 580 (rbaker@georgegreen.co.uk at our Cradley Heath office.