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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.


Ye Gods- will it never end???

  • Sunnychick
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10 Apr 12 #322881 by Sunnychick
Topic started by Sunnychick
Hi

Having finaly divorced last year - I thought I would be done for good- but no....

The lovely judge awarded me 33.3% of my ex pension ( about £84000- my share). This still hasn''t been transferred to my pension pot. As it hasn''t - is there anyway I can release some actual cash from it? My car engine went bang and I need a new car as the other one isn''t economical to repair. We both have NHS pensions. If I can- how would I go about doing it? Thank you!

  • MrsMathsisfun
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10 Apr 12 #322903 by MrsMathsisfun
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I didn''t think you could convert pension into cash unless you are over 55 then you can decide to collect your pension

  • ian conlon actuary
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10 Apr 12 #322939 by ian conlon actuary
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Jaymdee is correct. The only scenario under which you can draw benefits prior to 55 is in the event of ill health. With a pension share from the NHS, the benefits remain within the scheme, you will receive a pension or pension & lump sum. The earlier you draw this the smaller the amounts will be.
Ian

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11 Apr 12 #323028 by Sunnychick
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Oh dear! That was plan F. Need plan G now B)

Thank you both x

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