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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.


Police Pension

  • Cupcake queen
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12 Jun 12 #336211 by Cupcake queen
Topic started by Cupcake queen
Hi, does anyone know how much the lump sum and the monthly pension of a Police Officer constable would be upon retiring this year after 30 years service? Approximately. Thank you.

  • buzyizzy
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12 Jun 12 #336223 by buzyizzy
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I can only give u a figure for one who was thrown out after 25 years if that is any help. Before he lost his job, commutation was around £80k and pension is worth £450k. Hope this helps.:)

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12 Jun 12 #336280 by Cupcake queen
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Sorry to be a little ignorant but how does the 450 k equate to either a monthly or annual income?

Thanks for your help.

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14 Jun 12 #336753 by ian conlon actuary
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Very roughly, a pension of about £17,000 & cash sum of £120,000. May choose not to take as much cash with a higher pension.

Ian

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14 Jun 12 #336758 by Cupcake queen
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Thank you so much. My ex a policeman gave me the house in exchange for his pension.
We did the divorce on line ( badly )
A judge wouldnt sign the Consent Order / financial statement even after a letter was sent. Asking about pension sharing.

We went to court and again the judge wouldnt sign saying I needed to seek legal advice. My ex is furious with me.
As 2 judges have deemed it unfair I feel I have got the right to ask for more.
I have not had any info re his financies for many years.

We were married 24 years, 3 grown up children, I have a poor pension due to working part time for many years. I''ve had breast cancer twice, ongoing treatment at the moment.

With an annual pension of 17,000 if I was to get a small percentage it doesnt seem like he will be too hard up. He is only 52 years old. I know the job market is difficult but.

I can stop feeling so guilty now. He has finally agreed to mediation today.

Sorry for waffling on but that''s a big help.

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14 Jun 12 #336762 by hadenoughnow
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CQ

I think the judge has done you a big favour.

How much is the equity in the house?

I certainly don''t think you should be agreeing anything without up to date financial disclosure!

Hadenoughnow

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14 Jun 12 #336793 by Cupcake queen
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I agree the judge has done me a favour.

The equity in the house is about 150,000. The house is worth 220,000 approx.
Mortgage due to end 2014. We have endowment policies which are in my name but likely to be 20,000 short.

It has given me some confidence posting on here.

Thank you all.

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