Redundancy, the CSA & ex

paintedtoenails

Hey everyone,

I am just after some advice from some people in the know please.

My employer has just announced pay cuts and I have just been told that we have a mass meeting on Tuesday and there is a strong possibility that we will be offered some sort of enhanced redundancy package if we wish to take it.

My questions are:

1. Would the CSA take any of the redundancy payment that I receive?

2. I have been separated from my wife and living apart for about 20 months. Would she be entitled to any of it if she came knocking?

I just need to do by maths and take any deductions off of the amount I would receive should there be any to see if it is worth me taking it.

Thanks

zzzLazyDaisy

paintedtoenails wrote: »

2. I have been separated from my wife and living apart for about 20 months. Would she be entitled to any of it if she came knocking?

Assuming that you are not yet divorced, the redundancy lump sum counts as capital and must be declared in the same way as any other matrimonial asset (house, savings, investments etc) and will be taken into account during the divorce proceedings.

paintedtoenails

zzzLazyDaisy wrote: »

Assuming that you are not yet divorced, the redundancy lump sum counts as capital and must be declared in the same way as any other matrimonial asset (house, savings, investments etc) and will be taken into account during the divorce proceedings.

No, not divorced. Divorce proceedings haven't even started yet.

I suppose that has knocked that idea on the head if I have to give half of it away.

zzzLazyDaisy

Even if you don't start divorce proceedings, she is still technically entitled to half the lump sum, but in practice it would be impossible for her to insist on it. However, if she knows that you are getting a lump sum and she 'knows her rights' she may start divorce proceedings herself...