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.


Self Employed ex - what is the best deal

  • brita44
  • brita44's Avatar Posted by
  • Junior Member
  • Junior Member
More
13 Sep 12 #355750 by brita44
Topic started by brita44
I have a question regarding financial matters would like to apply for Consent Order (hopefully). My ex is self employed and only claims possibly 1/3 of his income.

There are no assets, pensions etc. One child from 4 year old marriage.

I am working part time (take home salary 900); receive tax credits, CB, CM 120 per month

Ex self employed 900 per month (in reality 3x more)

I am better off financially so will not ask for SM only nominal SM (as we have young child living with me)

Please can you suggest if this will ok - how often there are variations of nominal SM?
Thank you

  • Action
  • Action's Avatar
  • Platinum Member
  • Platinum Member
More
13 Sep 12 #355761 by Action
Reply from Action
Do you mean that he only declares a third of his income for tax purposes, and that the income he will state on any financial disclosure is actually a lie? I assume he gets paid cash for a lot of the work he does? Have you suggested to him that for anyone to make an informed decision about SM he at least needs to be honest about his income? My ex husband and I are both self-employed and it made things very difficult with agreeing a split as he became extremely creative with his accounting! I do wory that one day I will no longer be able to stop myself making the phone call to HMRC.

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.