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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 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.


Pension entitlement

  • JoJoBeBe
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20 Feb 08 #14535 by JoJoBeBe
Topic started by JoJoBeBe
When completing financial disclosure form we have to enter the CETV amount. My soon to be ex-husband has also done the same however this only amounts to £12k - am I only entitled to half of this (eg £6k) or is the calculation based on what the pension investment will be worth on retirement? My pension has been frozen and amounts to £7500 in total.

  • maggie
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21 Feb 08 #14614 by maggie
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My understanding is that the CETVs of both pension funds as they are at the date of divorce are available for sharing - whether you decide to share and then what percentage of the combined CETVs you each get depends on how you negotiate a fair outcome overall. If the CETVs are small the charges made by the pension schemes for sharing might make it not worth the cost?

  • Peter@BDM
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21 Feb 08 #14670 by Peter@BDM
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Please forget about sharing either of these pensions! The cost will far outweigh the benefit, unless you wish to donate money to actuaries, financial advisers, oh and lawyers too.

CETVs are a crude and inaccurate capital value of the pensions, but the expense of obtaining better valuations and then arguing over them is just not justified. Better to go for offsetting. Your stbx’s pension is worth (very roughly) £4,500 more than yours is. Usual starting point is share 50/50, so you could argue for £2,250 if he is to keep his pension and you keep yours. BUT, additional legal fees arguing the point could very easily eat £2,250 away. Therefore, you might like to try for an additional asset value (share of the house, car, etc) worth about £2,000 but there is no point in getting too carried away. Take what you can reasonably get.

  • JoJoBeBe
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22 Feb 08 #14768 by JoJoBeBe
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Hi Peter, thanks for your advice I will give it some more thought. JoJoBeBe

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22 Feb 08 #14771 by JoJoBeBe
Reply from JoJoBeBe
Hi Maggie, thanks for your reply, I shall give it some thought. JoJoBeBe

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