Benefits following an Internal Share

Example

  • Final Salary Pension Scheme (H age 50, W age 50)
  • Normal retirement age in the scheme is age 60
  • CEV=£100,000
  • Accrued pension to H from age 60 = £10,000 p.a.
  • 40% share to W
  • Pension credit granted to W = £100,000 x 40% = £40,000
  • Credit pension secured for W in scheme from age 60 is £3,500 p.a.
  • This credit pension will receive revaluation increases from the present time until H’s 60th birthday.