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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 Costs

  • suchafool
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11 Apr 12 #323004 by suchafool
Topic started by suchafool
Just had a letter from my ex''s solicitor that they now want me to pay a higher proportion of costs for the pension sharing order:( . In other words if the pension share is for me to give %30 of my pension then I should pay %70 of the costs and her to pay %30. It was agreed at the agreement of her solicitor that it was going to be 50/50, even drafted on the Consent Order!, but, and unfortunately after a rocky couple of weeks with my ex, another bombshell. The solicitor has said that there is protocol in place for this (that I have requested), any thoughts folks................

  • dukey
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11 Apr 12 #323011 by dukey
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When by consent you can split the cost anyway you both agree, usually its half each, i know of no protocol to suggest the holder pay 70%?.

Some scheme rules allow the sharing cost to be deducted from the actual pension though that could be costly long term.

Its one of those rock and a hard place problems, is it worth risking the broad agreement falling apart over a relatively small amount of money.

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11 Apr 12 #323014 by suchafool
Reply from suchafool
dukey wrote:

When by consent you can split the cost anyway you both agree, usually its half each, i know of no protocol to suggest the holder pay 70%?.

Some scheme rules allow the sharing cost to be deducted from the actual pension though that could be costly long term.

Its one of those rock and a hard place problems, is it worth risking the broad agreement falling apart over a relatively small amount of money.


That''s what I''m thinking dukey, if and when I get this protocol I will post it for information. Funny they''re talking about protocol as its protocol to receive a draft Petition, unfortunately mine was lodged at court before I got it :huh:!

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11 Apr 12 #323018 by dukey
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It sounds like bullsh!t to me unless maybe you misunderstood the solicitor.

Consent Orders are just that an order by consent, there is no structure or protocol of how pension sharing costs should be divided, not from family law anyway.

Please do post up what they send it will be very interesting to say the least.

  • The Divorce IFA
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11 Apr 12 #323069 by The Divorce IFA
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Hi,

I have seen all different types of agreements between the parties on how to share pension costs.

But 9 times out of 10 the sharing costs are in line with how the costs of the divorce are shared (50/50).

To me this is the solicitor trying it on. I do not know of any protocol!

I would go back and say that you are losing 70% of the value and so you are only prepared to pay 30%.

Regards

Phil

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