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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


I want to know if what i will pay is fair

  • rigger
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21 May 12 #332067 by rigger
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I am going through a divorce I have 2 children 1 of 5 and 1 of 10 I know that I have my responsibilities and I am not trying to shy away from them. My wife wants to pay me 30% and out of that I need to get a house. I am 47 and if I can get a mortgage and because of my age the mortgage will be over 17 years. to get somewhat decent place the monthly repayments will be about £1500 on top of that the wife wants 20% of my earnings for child maintenance which equated to about £700 per month. So, with mortgage and maintenance I will have to pay about £2200 on top of that I will have my council tax, utilities, food etc etc. how can i survive I have to life I feel that £700 is a bit steep considering that my salary is between 45-48k per year.

Can someone please advice

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21 May 12 #332070 by Enuff Already
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CSA will assess you for two kids @ 20% of your income before ANY of your own expenses.

I think you might find that will be more than £700 on a £48k salary.

  • rigger
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21 May 12 #332071 by rigger
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I am not doubting that amount for child maintenance but then how am i supposed to survive in life. I am not the one who has instigated this divorce so why should i suffer. Of course I will make sure that the kids are not affected in any way

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22 May 12 #332214 by jslgb
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I get 10% if my stbxh''s wages as he has a child elsewhere who also gets 10%. This equates to £30.50 a week. I am a full time student who was being supported through uni by my stbxh who paid all the bills. He works a part time cash in hand job which the csa cant and wont take into account. The cm i get doesnt even cover food for my child let alone rent, gas, electric, school expenses etc etc etc.

I think for you to begrudge £700 a month isnt very fair when you were probably paying 100% of your wages into your family prior to the split. Your children didnt ask for the split either and they shouldnt have to suffer. Theres nothing worse than telling your child they cant have something when they thoroughly deserve it because your ex doesnt take on enough of his responsibilities.

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22 May 12 #332226 by rigger
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I am begrudging nothing, I just wanted to know if that is a fair amount, if it is so be it and I will pay it

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22 May 12 #332229 by jslgb
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In that case, as previously stated the CSA will set cm at 20% of your take home pay regardless of any financial commitments etc.

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22 May 12 #332232 by rigger
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fine,

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