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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 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.


income: before or after

  • tommo2
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18 Sep 07 #3587 by tommo2
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Hi

when putting income in to the calculator, should you put in the amounts before or after seperation in particular, should i add in likely tax credits, child maintenence from one to other etc??

ie if net income is say £1300pm wife £2500pm husband before seperation, but after taking account of tax credits, child maintenence etc it is say £2000pm each, which goes in to the calculator??

I am coming from this as someone who is not yet seperated but trying to weigh up the potential finacial outcome.

  • Sera
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18 Sep 07 #3589 by Sera
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I think it should be put in as 'Currant'. Regardless of your living arrangements. That's what's meant by full, frank, honest disclosure!

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18 Sep 07 #3593 by tommo2
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Not trying to hide anything, but here's what I'm getting at:-

I Put everything in and estimated pretty much equal outgoings.

calculator says husband pays wife £1150 (per month!!??) on one method and £750 on another.

Now here's the question:-

does the above amount(s) include any CM payable (approx £500pm)or is this in addition to CM at estimated 20% of net income??

Also, would it be reduced by any tax credits which would become payable?? (which obviously aren't at the moment as we still live together and have a "joint income" above the threshold??

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