Regardless of whether or not a basis exists for sharing your pension schemes, at least one of you will have to take steps towards such sharing. The outcome will be one of the following: Either you agree (e.g. because you have a prenuptial agreement) or you disagree. If you disagree, you have to take the case to the probate court.
Sharing is by cash payment. If, for instance, your pension scheme has to be shared, you either have to pay your spouse’s share in cash or compensate him/her in the division of property.
If that is not possible, you can pay the amount by instalments for up to 5 years. This will typically be the case if your wealth is tied up in a company which is also your source of income.
As a final option, you may transfer specific pension schemes to your spouse.
Remember to seek advice about sharing of pension from your lawyer or adviser if you are getting a divorce.