A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info

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.


  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
07 Nov 07 #6057 by Fiona
Reply from Fiona
Whoa... on the face of it I didn't t see anything wrong with the proposal as an opening for negotiations. It's important to understand the thinking behind the solicitor's advice.

The aim is to put both parties on an equitable (not necessarily the same) financial footing and if it takes 70% of the equity, a % of pension and SM to achieve that, then that's what it takes. Actually there were two significant pieces of the overall picture missing - the value of the pension and the husband's income.

  • Louise11
  • Louise11's Avatar
  • Platinum Member
  • Platinum Member
07 Nov 07 #6060 by Louise11
Reply from Louise11

I can assure you his net wages were not that much different to hers, whilst they look good on paper, (police wages that is) 11% of it goes into the pension.
I also know a definate outcome of one case (similar to the aboves, similar equity, had children, both worked ect) The husband who was the police officer, gave his wife the house (similar equity) in exchange for him keeping his pension. The Judge asked them both into Court because he wanted to know if the husband was sure he wanted to sign the house over to his wife. Because the Judge felt it was extremely generous!

I was trying to warn this lady of the cost implications if they cant agree between themselves, I also realise she is hurting due to his adultery, (answered another post previously)

For some strange reason many Solicitors wrongly think that people in the services pensions are nice big fat pay cheques and that that person will do anything and sign anything over so they keep their "precious" pensions!

The other spouse also has to weigh up that whilst the person with the pension can retire at 55 ish the spouse who manages to get their share doesn't not get it till they are 60.

Also another thing people dont realise or understand is that whatever the CETV value is, its not cash. We had a demand for 80k cash from my husbands ex wife because his CETV was 160k. No amount of explaining would budge her at all.

So whilst I totally understand that it may of been a reasonable starting point, my guess is the Solicitor was rubbing his hands together with glee when he heard she was married to a Police Officer.

I was trying to warn of the long battle road ahead, where alot of the equity may just get eaten up in costs.

Anyway sometimes it just falls on deaf ears.

Kind Ones

  • Vail
  • Vail's Avatar
  • Platinum Member
  • Platinum Member
07 Nov 07 #6064 by Vail
Reply from Vail
Sure pensions need to be valued and on a comparable basis, but that the actual value and the annuity they are forecast to buy in the future is all twaddle.

The value of a pension can go up as well as down, Rupert Murdoch MkII may scuttle off with the funds. A Darling Chancellor may copy Brown and seize more money, so many things may happen that these values are just vague indications of the sort of money one might be able to get, whereas a place to live is immediate and necessary.

I regard it fairer for both to share the vagaries of the pension rather than offsettimg something one may never see (due to the intervention of drunk driver or similar) against bricks and mortar or cash-in-hand.

Now, don't get me started on people talking on mobile 'phones in restaurants!

  • dorian
  • dorian's Avatar Posted by
  • Junior Member
  • Junior Member
09 Nov 07 #6271 by dorian
Reply from dorian
I am in very similar situation husband copper etc.
Am thinking about puting some of proceads from house into an account and leaving it their until i retire instead of touching his pension wich will not be as much as others 'cause he entered police late

  • Sera
  • Sera's Avatar
  • User is blocked
  • User is blocked
09 Nov 07 #6275 by Sera
Reply from Sera
You're probably better with the proceeds being in 'bricks' investment than savings account.

You can live with your bricks, (enjoying your home) then downsizing in years to come and probably releasing a lot more equity than the interest from savings.

Also, Interest on savings is taxed! Bricks are not!

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 

Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.

Consent Order £259

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.

Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.