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!