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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 Sharing

  • ArchStanton
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27 Mar 12 #320265 by ArchStanton
Topic started by ArchStanton
Sorry, if this is a stupid question, but how does pension sharing work ?

My ex has a really good pension (she has worked for the police force for 20 years in an administrative role) whereas I have been self employed as a plumber and haven''t got a separete pension as always thought we would retire together !

Now it seems I will have nothing whilst she has been building a nice nest egg.

  • somuch2know2
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27 Mar 12 #320277 by somuch2know2
Reply from somuch2know2
My Solicitor told me my wife was entitled to half of my pension. I would think you are entiteled to half of your wifes. Go for it.

  • sexysadie
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27 Mar 12 #320279 by sexysadie
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Yes, pension sharing works both ways and is gender-neutral. If it''s been a long marriage and you have not pension you would certainly have a claim to half of hers.

Best wishes,
Sadie

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28 Mar 12 #320416 by ArchStanton
Reply from ArchStanton
Thank you. I will see what happens once these financial forms go in.

  • ian conlon actuary
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28 Mar 12 #320486 by ian conlon actuary
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With the public sector the specified percentage share is converted into pension benefits for you. It won''t be an exact transfer in that for every £1 of pension your wife gives up you will probably get something either less or more than £1.
The important thing is that it results in you having pension benefits in a secure pension arrangement which are in your own name and totally separate from your spouse''s.
Ian

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30 Mar 12 #320872 by ArchStanton
Reply from ArchStanton
Thankyou for your advice.

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