Divorce Settlement UK Calculator
Estimated Settlement
How to Use the UK Divorce Settlement Calculator
Step 1: Enter Total Assets
Begin by inputting the total value of all marital assets. This includes properties, savings, investments, vehicles, and any other valuable possessions acquired during the marriage. Be as accurate as possible to get a more reliable estimate.
Step 2: Specify Marriage Duration
Enter the length of your marriage in years. The duration of the marriage can significantly impact the division of assets, with longer marriages often resulting in a more equal split.
Step 3: Input Number of Dependent Children
Indicate the number of dependent children from the marriage. The presence and number of children can affect the settlement, as the court considers the welfare of children paramount.
Step 4: Provide Your Annual Income
Enter your annual income. This helps the calculator assess the financial situation of both parties and any potential need for ongoing support.
Step 5: Enter Partner’s Annual Income
Input your partner’s annual income. The income disparity between partners can influence the final settlement, particularly if one party has significantly higher earning potential.
Step 6: Calculate and Review Results
Click the “Calculate Settlement” button to generate an estimate. The result will show an approximate settlement amount based on the information provided. Review the explanation provided, which outlines how the calculation was made and what factors were considered.
Step 7: Interpret the Results
Remember that the calculator provides an estimate based on general principles. The explanation will help you understand how factors like marriage duration, children, and income disparity affected the calculation. Use this information as a starting point for discussions or consultations with legal professionals.