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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.

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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.


Husbands bonus or..... a gift

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25 Jul 12 #345371 by Sparkling
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Hi - my husband has suggested through his form E that £150k (the majority of a £200k bonus he received from his employers in February this year) was in fact a ''gift'' from two ''friends'' (namely two directors of the business).
My husband has always told me this was a bonus he received at work so I am wondering why, now, on the Form E this has changed to a so called gift.
Surely the court would see straight through this? What benefit does he have in saying it is a gift?
I''m very puzzled so if anyone has any knowledge on this I would be very grateful.

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25 Jul 12 #345372 by Reddit
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That''s what a bonus is. A gift from the employer to reward good work. Sometimes called a gratuity.
Calling it a gift on form E is weak. Even if it was a gift in the sense that we normally associate with gift, it is still ''in the pot''
Gift... Funny.

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25 Jul 12 #345422 by Action
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And I wonder what he will be telling HMRC on his tax return?

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26 Jul 12 #345469 by cookie2
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To the form E it makes no difference. He must be pretty stupid if he thinks this will cause a judge to say "oh right, you keep that then"....

And yes it could be for tax reasons? Although I think HMRC would see straight through something this obvious, too.

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26 Jul 12 #345474 by Sparkling
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Many thanks for your thoughts - yes I agree I think he is pretty daft to imply that a ''gift'' will make any difference in court. I hadn''t thought about the HMRC aspect of it - that would be some loophole he is trying to wriggle through if so. e is a chartered accountant so you would think he would know better - or maybe he does and I''m just none the wiser.
It sounds like a weak attempt to try and keep that money for himself. I will post back again when I know more /things progress.

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26 Jul 12 #345485 by Action
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My ex tried all sorts of devious things to maximise his share of the settlement. I don''t know why they think they can re-write the rules for their own benefit. My husband was clearly suffering from ''brain in pants syndrome''. The result is that I do not trust him an inch and have no respect for him whatsoever. I simply do not want that type of dishonest and cruel person to be part of my life.

Keep strong and on the lookout!

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26 Jul 12 #345532 by Crumpled
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Hi i would ask for his tax returns etc and maybe the company accounts and a full explanation from the business he works for if he still says it was a gift....as someone somwhere should be payimg some form of tax on this!!! good luck

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