PLEASE NOTE

  • The Trustee does not offer membership to an ex-spouse/ex-civil partner if a pension sharing order or agreement is made. Your ex-spouse/ex-civil partner will need to transfer out their pension credit to another qualifying arrangement.
  • If you are divorcing under Scottish law, please tell WTW and they will tell you any variations in the process set out on this page.

KEY INFORMATION

The divorce settlement may ‘earmark’ a percentage of your benefits on retirement or death to be paid to your ex-spouse/ex-civil partner, but more commonly the Court may make a ‘pension sharing order’ – where your pension benefits will be split between you and your ex-spouse/ex-civil partner. Your own Plan benefits will then be reduced by an amount declared in the Court order, and your ex-spouse/ex-civil partner will receive the value of what is due to them, which must be transferred out of the Plan into an approved pension arrangement selected by them.

A pension debit will be applied to your benefits which will reduce them by the percentage or amount in the order or agreement.

THIS TIMELINE:

  • Gives you an idea of WTW’s typical administration steps and how any sharing arrangements are made, if applicable. It shows which documents you need to provide when, and how to provide them.
  • Assumes that WTW get all the paperwork they need from you once it is available.
  • The pension sharing order should be completed no longer than 4 months after receiving all forms from your ex-spouse/ex-civil partner, as well as the receiving scheme. But it may take longer if the paperwork is not correct and/or in the format required.

ACTIONS YOU NEED TO TAKE

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Get in touch

Review your court letters and details on sharing your pension with your ex-spouse/ex-civil partner.

Check your court letters for specific details on what you need to ask for.

Call WTW on 0800 916 8088 or email Honeywellpensions@willistowerswatson.com

What you will need:

By phone: ensure that you have your full National Insurance (NI) number, date of birth and full address that WTW hold on our files

By email: ensure that you include the last four characters of your NI number, month of birth and postcode that WTW hold on our files

Or you may write to the following address:

Honeywell Retirement Plan
Sunderland
SR43 4JU

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WTW will get the information to you

WTW will send out a pack from 5-10 working days after contacting WTW that includes:

  • A form asking your ex-spouse/ex-civil partner for information which they need to complete and return via post to WTW, and
  • A transfer value of their ‘share’ of your scheme benefits will be included in the pack.

Note that this value is not guaranteed and we will calculate it again if you are required to proceed with a pension sharing order or agreement.

NEXT STEPS

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Send WTW the relevant court documents

If a pension sharing order or arrangement is to be applied to your Scheme benefits, please send your Decree Absolute, Pension Sharing Order and Pension Sharing Annex to WTW via post (please check your court correspondence for the necessary documents).

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WTW will send transfer out request forms to your ex-spouse/ex-civil partner

WTW will send transfer out request forms to your ex-spouse/ex-civil partner within 5-10 working days of the correct forms being received. (These will need to be completed and posted back to WTW.)

NEXT STEPS FOR YOUR EX-SPOUSE/EX-CIVIL PARTNER

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Complete transfer out request forms

Your ex-spouse/ex-civil partner, and the pension provider of the receiving scheme need to complete and post the transfer out request forms back to WTW.

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WTW will complete the pension sharing order

Once WTW receive all the forms from your ex-spouse/ex-civil partner, they will complete the pension sharing order which will include recalculating the transfer value.

The pension sharing order will be completed no longer than 4 months after receiving all of the required forms from your ex-spouse/ex-civil partner and receiving scheme.

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CHECKLIST

WTW can process your pension share faster if you and your ex-spouse/ex-civil partner complete the checklist below:

  • Fully complete the forms,
  • Provide correct information,
  • Provide WTW with the correct Court documentation, and/or
  • Provide up-to-date ID documents.