Sorting out money and finances or assets (what you and your ex acquired or built up that has economic value during your relationship) post separation can sometimes be contentious, especially if you are not married or in a civil partnership.

Examples of assets would be the family home, land, business, pensions and savings. Knowing and understanding both your financial position and your ex-partner’s will provide clarity and help you understand each other’s commitments. The more transparent you are with your money and finances, the easier it can be to come to a conclusion which suits both of you. If you’re not honest and your ex-partner later finds out you tried to hide something, they could go to court and ask for more money from you.

How Are Assets Split In A Divorce?

It is a myth that all assets are split 50:50. The aim is for finances to be based on what is fair and that might mean you or your ex-partner not getting the same amount. In general the following areas are considered when trying to work out a fair settlement:

Dependent children

The financial needs and responsibilities of both parties
The standard of living before the marriage breakdown
The age of yourself and your partner
The duration of the relationship, including any time spent living together before the marriage/partnership
Any disabilities or health concerns that impact your day-to-day life
The role each party played in the marriage, such as primary caregiver and breadwinner/primary wage earner.

You may be able to negotiate your own financial settlement without any professional intervention; however, if there are considerable assets it is worth getting professional advice.

Can Mediation Help Sort Out Money And Finances When Separating?

If you can’t agree on a settlement with your ex-partner then it is worth considering mediation. This is a cost-effective way of trying to resolve differences over money and property. You will both have to fill in a financial disclosure form when you go to mediation. This shows how much money you’ve got going out and coming in and it’s a good starting point for discussions.

We have lots of advice and support on this hub including helping you to choose the right professional support for your situation.


Chartered Financial Planner - IFA

Chartered Financial Planner - IFA

A financial planner or independent financial advisor can put into place any financial agreements you decide. What will you do with the pension share? What will you do with cash and shares? How will you invest any money you get for the future? But, more importantly, they can model any plans you have for settlement using financial modelling computer software. This is very helpful in working out a fair settlement. This kind of activity is regulated by the Financial Services Conduct Authority (FSA). Important to note, a lawyer is not allowed to advise you what to do with your money, where to invest it, or what shares to buy unless they are also regulated by the FSA.

Learn more
Financial Coach

Financial Coach

This is a relatively new discipline and as such there are no formal qualifications. They can’t offer financial advice (like the IFA can) but can offer you financial information as it relates to your situation. They will help build your confidence in financial affairs. For example, they might help you work out what your future monthly outgoings will be. When looking to appoint a financial coach you may want to consider their experience and specialism.

Learn more
Pensions On Divorce Expert (PODE)

Pensions On Divorce Expert (PODE)

PODEs are specially qualified to provide you with a report to recommend a fair pension share upon divorce/dissolution. A report on your pension division is essential and not something to be skimped on because of time or costs.

Learn more

Related Articles

We Have Children Together, But My Partner Has More Money Than Me.

We have children together, but my partner has more money than me What can I do This will depend on whether the property you live in is in joint names ...

How Do I protect Myself As A Cohabitant?

How do I protect myself as a cohabitant Firstly it is important to take the time to discuss financial arrangements before taking this step of moving i...

How Should I Prepare For A Meeting With A Professional To Save Time And Money?

So, you took the plunge and made the call You have an appointment with a solicitor How should you prepare and how can you save both time and mone...

Should I Appoint A Barrister?

Not a lot of people know this, but since 2010 it’s been possible to appoint a barrister to advise or represent you without going through a solic...

Preparing For Family Court

The thought of attending court for those who haven’t been before can be harrowing, but being properly prepared and informed will reduce a lot of...

Are Assets Split Equally On Divorce?

It is not uncommon for one party to have left dealing with money during the marriage to their other half One party may have been the breadwinner and t...

Moving From A 2-Income Home To A 1-Income Home.

Divorce or separation can mean radical financial change You may not have much experience of dealing with certain aspects of your finances and that can...

How Do We Deal With The Debts When We Separate?

When married couples divorce or cohabiting partners separate their first concerns will probably be about child arrangements or how to divide their ass...

Pension Sharing

KISS – the phrase “Keep It Simple Stupid”, whilst rather forthright, can be a reminder not to overthink some things when getting div...

Top Tips For Sorting Out Your Finances In The Early Days Of Separation

Separating or divorcing is a frightening time For most people, one of the biggest fears is how they will cope financially Money, and finances at the p...

Divorce And Cryptoassets

When you are going through a divorce, part of the process will involve financial disclosure so that you can reach an informed decision about the split...

The Pensions On Divorce Expert

The term Pensions on Divorce Expert (PODE) is wide-ranging and encompasses those who write expert witness reports and those that don’t For the p...

The Financial Planner

What I do I work with both individuals on an advisory basis or couples on an information basis  For individuals, we start helping right at the be...

My Ex Owns The House But I Did All The Upkeep And Improvements. Where Do I Stand?

It is increasingly common for couples nowadays to put the idea of marriage on the back burner, instead prioritising setting up a home together Some ma...

My Ex Has Money All Over The Place.

It isn’t unusual for one person, let us say the husband, within a marriage to be in control of the parties’ finances This does, however, m...

How Do You Choose The Right Professional Support?

So, if you are separating and possibly considering divorce, how do you choose the right professional support for you  First, you n...

I Have Decided To Leave The Family Home. Does This Have Implications?

Upon separation, it can often be tempting to leave the family home to avoid tension and conflict but there are a number of reasons why you should thin...

We Are Separating. What Practical Steps I Should Take?

For many people it can feel overwhelming when a relationship comes to an end This checklist is not legal advice but a list of practical steps designed...

External Resources

A Survival Guide to Pensions on Divorce

A quality guide to pensions and how to deal with them when divorcing. Published by advicenow, this guide explains what the law says on pension sharing or splitting. It also tells you what other help is out there so you can plan for the future.

Filling in Form E - a short film

advicenow's step-by-step guide to how you fill out your financial statement (Form E) yourself.