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

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
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.

Subsequent Amendments to Life Order

  • Wikithanker
  • Wikithanker's Avatar Posted by
  • Junior Member
  • Junior Member
26 Aug 20 - 26 Aug 20 #513851 by Wikithanker
Topic started by Wikithanker
Dear All,

I would be very grateful for opinion on this subject, this is the timeline and facts:

Main question: When I retire from corporate pay, on which is currently the subject of and start a new business, will the Court want to base an amended Order on that new revenue stream?

DOB 1960, male, married, one new dependent child.

Nov 2014 - Life Order issued in favour of ex-wife - £3,200 pcm - in operation, fully observed
Apr 2015 - re-married
Nov 2017 - new child born

Projected planning (scenario under question):

Jan 2022 - retire from corporate job, aged 62, salary will fully cease, no other source of income

Feb 2022 - go back to Court to seek adjustment of Life Order - as a pensioner

Feb 2023 - start to receive profit from a newly started independent business

Other questions:

1. In Feb 2023 - am I obliged to go back to court and inform them of my new revenue stream and thereafter?

My thinking - when I retire, the Court will adjust the Life Order accordingly on the basis of my pension. If I then start a subsequent business and earn profit, that should not be liable to an increased Life Order.

Most grateful for any views,


Last edit: 26 Aug 20 by Wikithanker.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11