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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.

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

Married / Single Person''s Tax Allowance

  • epitome title
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21 Apr 12 #325626 by epitome title
Topic started by epitome title
Hi all

Something ocurred to me that when I am finally divorced will my tax code change and will I be better off as a single person than half of a married couple?

obviously I worked full time from leaving college until I had my children and once they went to nursery/school, I worked part time for a few years then went back to full time from approx 2003 to present.

We have lived apart for over a year now but I am still taxed as half of a married couple - I have my Nisi (pronounced in June 2011) but not got the Absolute yet as we are going through the ancillary process (FDR in just under 3 weeks) so I am guessing there should be no change to my tax code until I get the absolute?

Thanks my lovlies :)


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21 Apr 12 #325631 by WYSPECIAL
Reply from WYSPECIAL
Married couples allowance was scrapped years ago.

You are taxed as an individual so sorry to tell you your marital status wont make any difference to your tax bill.

  • epitome title
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21 Apr 12 #325632 by epitome title
Reply from epitome title

Was it really ? Oh ok, that''s fine - didn''t know if I should let the Revenue know

Thanks for the reply :laugh:

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