PENSION ASSETS
WifeHusband50.On the basis of this asset schedule an overall equal capital division of assets would be achieved by:-(i)the wife receiving the American Property;(ii)the husband’s stock being divided equally as and when received;(iii)the joint HSBC accounts being divided equally;(iv)the husband paying an equalizing lump sum of £2,092,126; and(v)there being a pension sharing order of 39.02% on the husband’s pension; and(vi)otherwise assets remaining where they stand.Such a division, representing the application of the sharing principle, remembering that fairness and equality usually run together hand in hand, would produce the following outcome:-
- INTRODUCTION
- THE MARRIAGE
- FINANCIAL REMEDIES PROCEEDINGS
- SOME CORE LAW
- Section 25 and Section 25A Matrimonial Causes Act 1973
- FIRST CONSIDERATION – THE WELFARE OF THE MINOR CHILDREN
- property and other financial resources which each of the parties to the marriage has or is likely to have in the foreseeable future
- PENSION ASSETS
- is likely to have in the foreseeable future
- standard of living
- duration of the marriage
- INCOME AND COMPENSATION
- wife
- McFarlane
- Waggott v Waggott
- OUTCOME