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JGM
JGM, Solicitor
Category: Family Law
Satisfied Customers: 11557
Experience:  30 years as a practising solicitor. Partner in own firm.
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At my divorce the Cash Equivalent Value of my pension was calculated

Resolved Question:

At my divorce the Cash Equivalent Value of my pension was calculated and then it was split 50:50 so that two separate pensions are now in issue (One to me and one to my ex-wife). What is the tax situation. Is each pension taxed separately or does HMRC treat them still as one pension?
Submitted: 2 years ago.
Category: Family Law
Expert:  JGM replied 2 years ago.
The position is that there are no two pensions and therefore they are treated as two pensions and taxed accordingly
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Customer: replied 2 years ago.

I cannot rate it until the answer makes sense! The first sentence doe snot make sense

'The position is that there are no two pensions' - what are you trying to say?

The second sentence is clear.

Expert:  JGM replied 2 years ago.
Sorry, we are both the victim of bad typing or predictive text.
My answer should say:
"The position is that there are NOW two pensions and therefore they are treated as two pensions and taxed accordingly."
The reason for that is that in a pension share a new pension is set up for the recipient. There are two people each with a separate tax status.