The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.

Click this button for details of our

email, phone nbr and free consultations.

How To Contact Us

Read our latest Financial Settlements guide (2021)

What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

Pension figures and PCP car liability

Start
Prev
1
Next
End

KW25
Posted by
New Member

31 Aug 25 #526390 by KW25

Topic started by KW25

Could anyone answer a few quick questions please:

We both have defined contribution pensions and have logged into our online accounts to see the pot values. Wife's is £5,599, Husbands is £25,110. Are these the correct figures to use when working out pension offsetting?

Wife owns a car outright, where is best to get the value to use for this as an asset?

Husband has a car on a pcp loan and is only 1 year into a 4 year term. The total current liability is £13,102 (7,197 in monthly payments and the final lump of 5,905 to own the car), we believe the car when owned will be valued at 10k. What figure should be used when calculating the financial split? Is it simply a liability of £13,102 or is the liability only £3,102?

Thank you

WYSPECIAL
Moderator

05 Sep 25 #526399 by WYSPECIAL

Reply from WYSPECIAL

Yes, if pensions are DC use those figures. If offsetting bear in mind you won’t be able to access the money until age 55/57 and it is taxable.

For PCP car use the figure you would get if you handed it in today, likely to be zero.

For other car just search on line at We Buy Any Car or similar.

Start
Prev
1
Next
End

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.