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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.


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Pensions

  • hopeful2011
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13 Apr 12 #323468 by hopeful2011
Topic started by hopeful2011
I''ve had Decree Nisi for a while and want to apply for Absolute, but pension has beena sticking point. Do I need to find the cash to hand over to reflect my pension pot or can money be transferred from my pension pot to my ex?:unsure:

  • MrsMathsisfun
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13 Apr 12 #323533 by MrsMathsisfun
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If they are suggesting a pension share then it would be a portion of your pension not actual cash.

  • hadenoughnow
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13 Apr 12 #323567 by hadenoughnow
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If you want to retain your pension intact, you may have to agree to a larger share of the cash assets going to your ex. This is called offsetting.
If there is enough cash to house you both, then a pension share may be the appropriate way ahead. Depending on the size and type of the pension, you may need an actuary to help you work out what the appropriate percentage share may be.
There is information about pensions in the wiki library.
What is the sticking point?


Hadenoughnow

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14 Apr 12 #323612 by hopeful2011
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Essentially I took on all the debts we had when I left (and still in massive debt now) and there are no cash assets. My ex wants a proportion of my salary for our two children until they are 18 (no problem there) and a sum equal to half my pension to allow her to buy some pension provision herself.

We had no house/shares/savings etc.

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