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Military lump sum on departure from Service

  • Blossom70
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8 months 2 weeks ago #509550 by Blossom70
Does anyone know if I am entitled to claim a part of my husbands lump sum payment when he leaves the Navy in 2 years time?

I have Nisi, but am waiting for financial resolution before Absolute. Incidentally, I was married for 22 years and really need a deposit to buy a house for me and my children as he's left us with no financial provision apart from child maintenance . The all-too-usual story of him finding a newer model at work. (Not sad, just want over!)

Any guidance gratefully received.

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  • WYSPECIAL
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8 months 2 weeks ago #509552 by WYSPECIAL
Replied by WYSPECIAL on topic Re:Military lump sum on departure from Service
If your still married then his pension is part of the pot for splitting along with everything else.

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  • Blossom70
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8 months 2 weeks ago #509555 by Blossom70
Replied by Blossom70 on topic Re:Military lump sum on departure from Service
Many thanks for answering WYSPECIAL. He's offered half his pension, but he's convinced he doesn't need to share his 'gratuity'. He declares that's his to do with as he pleases.

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  • hadenoughnow
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8 months 2 weeks ago #509565 by hadenoughnow
Replied by hadenoughnow on topic Re:Military lump sum on departure from Service
It is a marital asset in just the same way as the pension is. It should be considered as part of any settlement.

The priority here is a secure home for the children. Ideally you should both be able to provide a similar home but if you cannot, priority goes to the parent with the majority of care.

Hadenoughnow

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