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When does the former spouse get their share of their benefits awarded in the Pension Sharing Order?

1. What information is required to enable parties to decide whether Pension Sharing is for them?

2. What is a CETV?

3. Can I replace the share of my pension benefits that go to my former spouse?

4. Can I transfer my pension benefits to another scheme?

5. What about my ex-spouse?

6. When does the former spouse get their share of their benefits awarded in the Pension Sharing Order?

The Credit Member will receive a share of the pension benefits at the same age as the normal scheme retirement age of their former spouse or civil partner. This will be either age 60 or 65 depending on the scheme, or section of the scheme, and the date of joining. The SPPA will advise the amount of these benefits and the age at which they will become payable. Until the benefits are put into payment they will be adjusted each year in line with inflation.

It may also be possible for a Credit Member to commute some of their pension for an increased lump sum. Each £1 of annual pension commuted would increase the lump sum by £12. Depending on the implementation date or valuation date of the pension sharing order from which the credit pension is derived, and the specific Scheme Regulations of the source or debit pension, there may be no automatic lump sum payable. It may however be possible to get a lump sum if the credit pension is eligible for commutation on the basis outlined above.

7. What will it cost?

8. What information is required by the Agency for implementation?

Link to Scottish Government Website