Benefits following an Internal Share
- Final Salary Pension Scheme (H age 50, W age 50)
- Normal retirement age in the scheme is age 60
- 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.