| Option | How it works | Clean break? | Best suited to |
|---|---|---|---|
| Pension sharing | A percentage of the pension transfers to the other person as their own pension. | Yes | Most cases; gives certainty and independence. |
| Offsetting | One keeps their full pension; the other receives a larger share of another asset, such as the house, to balance it. | Yes | Where one person wants a specific asset e.g. property and the figures allow a fair trade. |
| Pension attachment (earmarking) | A share of the pension income or lump sum is paid to the other person when the pension owner draws it. | No | Limited situations; now rarely used. |
| Cost | Typical range | Notes |
|---|---|---|
| Pension provider’s implementation charge | Significant variation — can range from £500 to £5,000 depending on complexity | Some schemes charge considerably more; ask the provider for their schedule. |
| Court fee for the financial order | £62 for a consent order (where both partners agree) or £321 to apply for a financial order (where the court decides) | Paid when the financial order application is lodged. |
| PODE or actuarial report | Roughly £500 to £2,000+ | Only needed for some pension cases |
| Solicitors’ fees | Varies | Depends on whether matters are agreed or contested. |
