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House equity vs cetv

6 replies

arethereanyleftatall · 06/06/2020 10:48

Hello. I'm getting divorced. Does anyone know if the cetv amount is equal to the house equity please? Or, do you need to take some off the cetv to account for tax payable on it plus the fact that it's not available yet?
Figures-
House equity £450k
Cetv - probably £800k. But, 25% accrued before we were together, so £600k. Gives a pension of £40k pa so tax will need to be paid on it. Husband is 50 so can't get at pension till 60/65 so how much to take off to account for that?
I'm hoping someone will have been through this and know!

OP posts:
Collaborate · 06/06/2020 19:55

Or, do you need to take some off the cetv to account for tax payable on it plus the fact that it's not available yet?

This.

arethereanyleftatall · 06/06/2020 23:39

Thank you @Collaborate
Do you know how much?

OP posts:
Collaborate · 06/06/2020 23:53

No. It’s not an exact science and there’s no formula involved. Pay for some proper legal advice.

Upordown · 07/06/2020 12:20

You can't afford not to get advise with such large amounts. If any of the pensions are final salary, the CETV is probably undervalued. An actuary can assess this.

arethereanyleftatall · 07/06/2020 14:57

Thank you, you two.

OP posts:
Familylawsolicitor · 07/06/2020 18:39

This reply has been deleted

Message withdrawn at poster's request.

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