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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 order

  • kazdel
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30 Jul 12 #346255 by kazdel
Topic started by kazdel
Hi
I have a final salary pension with CETV value of circa £210K. My ex and I are doing divorce ourselves and splitting everything 50/50.

The pension split is a pain in the neck and very expensive - its something neither of us really understand.

He isnt really bothered about the pension at the moment and the cost of splitting the pension is one we can both do without.

Is there any way we can leave the pension as is but put in a clause that I pay him X amount from my lump sum payment when he turns 65 - I am 5 years younger than him.

If so what would be a reasonable amount to keep us and the courts happy?

Amy thoughts would be appreciated

  • dukey
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31 Jul 12 #346286 by dukey
Reply from dukey
Can`t comment on the amount to split hen you give no information.

You can agree x amount is payed on x date but you will need an attachment order within the Consent Order, its the only way it can be done.

  • The Divorce IFA
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01 Aug 12 #346650 by The Divorce IFA
Reply from The Divorce IFA
Hi,

I can understand the position you are in.

But without sharing the pension how will any financial settlement be deemed fair?

Was yours a long marriage? Did the majority of the pension accrue during the years of marriage or not?

Assuming you want to get divorced it is important to finalise the financial settlement to ensure all claims are discharged and you both have a Clean Break if possible. It is never a good idea to just leave the financial matters hanging and get a divorce.

Are all the other financial matters dealt with except the pension?

Any further information you can provide will help contributors to help you.

Phil



Phil

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