Financial planning steps
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5 Key financial planning steps to consider during divorce
6 January 2025 is“divorce day” – so called because solicitors reportedly see a marked increase in the number of couples filing for separation on the first working Monday of the year. Divorce can create financial hurdles, however, you may be able to mitigate some of these challenges after a separation and continue working towards your financial goals.
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This guide is for general information only. It will help you to consider your own financial goals and to the adjustments you may need to make. While divorce can have a significant effect on your finances with our support, you can maintain financial stability and continue working towards your long-term goals.
According to Legal & General
31% of women and 21% of men face financial struggles after a divorce
Women could see their income fall by 33% after a divorce
Men could see their income fall by 18% after a divorce
16% of women and 10% of men worry about the effect of a divorce on their retirement.