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Read our latest Financial Settlements guide (2021) 

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 legal advice on a fair financial settlement?

We offer a consultation with experienced family solicitor for a low fixed fee. You will receive legal advice and a written report outlining your legal position and setting out what a fair settlement would look like based on your individual circumstances.

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Age of Children

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14 Aug 07 #1980 by Mike8210
Topic started by Mike8210
When i use the calculator it splits our asset pot 70:30 in favour of my wife. Is this realistic or are there other factors which may affect this? I have two children who live with wife but stay 2 nights with me they are 14 & 15 yrs old and will be 15 & 16 by the time our finances are sorted. Would their ages mean that the percentage split would be nearer to 50:50?

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14 Aug 07 #1987 by Fiona
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15 Aug 07 #2018 by Mike8210
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Thanks for reply. I am 39 and earn 43k per year, wife is 41 and does not work and refuses to do so. We have a house worth approx 210k, car worth approx 18k, my pension worth about 98k and endowment policy with surrender value of approx 10k. Mortgage outstanding is approx 76k. Married for 16 years. Wife gets about 1000 per month in benefits and I pay her 500 per month but no formal agreement as yet.

I hope to come out of it with my pension, her the house and endowment and me the car for work purposes. What do you think. The calculator calculates a 70:30 split which does not even leave me with my full pension.

It seems as though the fcat I have worked hard over the years and she has not leaves me broke and her sitting pretty not having to lift a finger!

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15 Aug 07 #2020 by Fiona
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This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.

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