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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.


I am already retired, STBX still working

  • Martley
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12 May 12 #330125 by Martley
Topic started by Martley
There doesn''t seem to be much info on the situation regarding division of pensions in a financial settlement if one partner is already retired. I was made redundant through early retirement a few years ago and the workplace pension I receive is my sole income. My STBX will not retire for at least 8 years and has built up a healthy pension pot. So I have two questions - would I be potentially entitled to a share of her pension pot in our settlement? And conversely would she be entitled to a share of my pension, even though it is in payment mode and her income is greater than mine?

  • maisymoos
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12 May 12 #330126 by maisymoos
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You can not really look at pensions alone but need to look at the full picture, including asset split,ages, incomes etc. How long you were married including cohabition do you have any dependant children?
The main priority will be needs and affordability.

  • Fiona
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12 May 12 #330127 by Fiona
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Pensions have to be seen in context of the position overall. Firstly all the assets need valuing, including the pension in payment. Then they are shared according to a checklist of factors.

IF there are enough assets to meet the "needs" of both parties and no exceptional contribution from one party the value of the matrimonial "pot" is likely to be shared 50:50. When there aren''t enough assets we refer back to the s 25 Matrimonial Causes Act 1973 checklist and usually the needs of both parties to capital and income will come at the top, or near the top, of the list. The aim isn''t a mathematical 50:50 split, rather to leave the parties on an equal footing.

Depending on both parties aspirations pensions can be shared so there is an adjustment to leave both parties in the same position or offset against other assets. For example, if your pension is more valuable than your wife''s or vice versa it can be offset against equity or savings.

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