Getting divorced

What happens if your marriage or civil partnership ends?

If you're getting divorced or are separating from a civil partner you may be asked to share your pension with your spouse or ex-partner. If the court issues a Pension Sharing Order in favour of your ex-spouse or partner, it will state what proportion of your pension must be allocated to them.

The total value of your pension to be shared is calculated based on a value called the cash equivalent transfer value - this is the amount the Scheme would pay if you moved the value of your pension out of the Scheme. You can request a quotation online using the divorce transfer value quotation form.

The amount to be shared has to be transferred out of the Tesco PLC Pension Scheme. It can be transferred to your former spouse or partner into a scheme of their choice - we refer to this as 'the receiving Scheme'.

You can read more about divorce and separation in our divorce leaflet.

What information do we need from you?

To arrange pension sharing for your pension in the Tesco Pension Scheme, you will need to send us all of the following:

• Pension Sharing Order - dated and stamped by the Court (you must send us the original document - we can't accept photocopies, scanned copies or certified copies)
• Consent Order
• Decree Absolute
• One of the following for your ex-spouse/partner: original birth certificate/driver's licence/passport (original document only)
• Some details from the receiving Scheme your ex-spouse/partner would like their pension amount transferred into (all of the following):
  • • A letter from the Scheme confirming they are happy to accept the transfer
    • Scheme bank details
    • Pension Scheme Tax Reference number (PSTR)
    • HMRC registration document
• A letter of authority from your ex-spouse/partner confirming where they'd like the pension transferred to
  

What are the charges?

If you're a deferred member you hasn't taken their pension yet, and you're under the age of 65:

• Divorce quotation free, or £250 for an additional request within a 12 month period
• Pension Sharing Order processing by the Tesco Pension Scheme £1,350

If you're already receiving your pension or you're a deferred member aged 65 or over:

• Divorce quotation £600, plus a further £600 for an additional request within a 12 month period
• Pension Sharing Order processing £1,600

We'll send you an invoice by post, which will include our payment details. You can choose to send a cheque or pay by bank transfer.

Sending us your information

We can only accept the original copies of you Pension Sharing Order, dated and stamped by the Court, and your ex-spouse's/partner's identification document. We won't be able to accept photocopies or scanned copies.