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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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Child Tax Credits - possibility of sharing?

  • MrsMathsisfun
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23 Jul 12 #344913 by MrsMathsisfun
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i know this is slightly off thread, but definately think cm should taken into consideration both parties wages. Maybe both parties should put % depending on number of children in a pot then the pot should be split into the ratio of contact. If parent doesnt work then their contribution to the pot would be zero.

Tax credit and child benefit is difficult to split because of the expense but PWC should remember they receive this and maybe not moan quite so much about ''''only receiveing minimum csa amount'''' and definately should remember that nrp have excatly the same living costs as rp and that cm is paid to cover the NRP contribution to the extra''s such as childcare and clothing, not necessary to cover all the costs.

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23 Jul 12 #344919 by Fiona
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Not every parent with the majority of care is eligible for WFTC. I wasn''t. I don''t think expecting the tax payer to support children living in more than one home is realistic.

The CSA1 scheme was based on a calculating both parents income and it was a nightmare. That''s why it was changed and simplified to a percent. Apart from being too difficult for anyone to understand the NRP could be liable to pay up to 50% of their income under the old scheme.

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23 Jul 12 #344920 by MrsMathsisfun
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As the average household income is about £26k and the threshold for not receiving WFTC is about £35k (although think this recently reduced but not sure what to) then I would think that most PWC would be entitled to receive something especially if they pay childcare costs.

Agree that it would be far to expensive for the tax payer to support this being split between two families, but the PWC who does receive it should at least acknowledge that they receive this money to cover the child living costs.

Yes the old system was difficult but maybe a combination of both systems would be fairer?

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