Do I really need a PODE?

Many couples assume that pensions are too complex or not worth the hassle. Some even agree to “just keep our own” without understanding the long-term impact. But here’s the truth: splitting assets without a PODE report can cost you, legally and financially.

What Happens Without a PODE?

Without a PODE, divorcing couples often:

• Undervalue or ignore pensions entirely, especially when one party is more focused on the house or immediate cash

• Guess at what’s fair — often resulting in unequal retirement outcomes.

• Rely solely on Cash Equivalent Values (CEVs), which can be misleading, especially for Defined Benefit pensions

• Miss key factors like guarantees, tax-free cash, or State Pension differences

• Agree to offset pensions for property or cash without knowing if the trade is fair

This can lead to:

• Unfair settlements that can’t be undone later

• Unexpected tax consequences down the line

• Financial hardship in retirement, particularly for the lower-earner

• Legal vulnerability, especially if one party challenges the financial agreement later

When You Absolutely Need a PODE

It’s not just about big pensions. You should instruct a PODE if:

• One or both parties have a Defined Benefit pension (e.g. NHS, teachers, police)

• Pensions total over £100,000

• You’re considering offsetting (trading pension for house/cash)

• There’s a big age gap or significant State Pension difference

• You want to be sure the settlement will stand up in court

The Bottom Line

Skipping the PODE might seem like a shortcut - but it’s often a false economy. The cost of getting it wrong can last a lifetime.

A PODE gives you clarity, confidence, and legal defensibility. They don’t tell you what to do with your pensions. They give you the facts and numbers so you can make informed, fair choices that hold up, now and in the future.

If pensions are part of your divorce, don’t guess. Get a PODE.