This note is provided for the Department for Education (DfE) as scheme manager of the Teachers' Pension Scheme (TPS) and sets out how to calculate the pension credit to be awarded to an ex-partner after a member's pension is subjected to a pension sharing order.

This note should not be used to calculate pensioner cash equivalents on divorce.

The remainder of this guidance covers:

• Pension credits on divorce: general considerations covers general considerations relating to pension credits on divorce.
• Calculating the pension credit - final salary section covers the calculation of the pension credit in the final salary section.
• Calculating the pension credit - career average section covers the calculation of the pension credit in the career average section.

Where the member has benefits in the final salary section and in the career average section, these should be treated separately for divorce purposes. The pension credit to be awarded to the ex-partner in each section should be calculated separately in line with the pension sharing order.

The following changes have been made when reviewing this guidance:

• Important information around the expected audience for the guidance, use of the guidance, review of factors, compliance and limitations applies across all sets of guidance. Rather than being repeated in each set of guidance, this can now be found on the scheme home page. It is important to read this information alongside the guidance.
• Calculation methodology: No changes have been made to the calculation methodology.
• Examples: There are no examples in this guidance. Worked examples, using the calculation methodology, can be found in prior versions of the guidance (though please note that these use historic factors).
• Factor tables: The "Factor Tables" tab contains the names of the tables that are referenced in the calculation methodology. The tables of factors themselves can be found in the most recently published "Consolidated Factors Workbook" which is available by clicking the "Download current Consolidated Factors Workbook" button on the scheme's home page.
• Assumptions: The key assumptions underlying the factors in each note are contained in the Consolidated Factors Workbook.
• Regulations: The regulations that require the production of the actuarial factors and/or guidance that is the subject of this note are summarised in the "Regulations" tab.