Page 58 • The HERALD • 14th July 2022 v THE NEXT HERALD IS OUT ON 4TH AUGUST v ASK A PROFESSIONAL DEALING WITH DIVORCE by Michael Osman, Oyster Financial Planning A revolution in family law nally removes the need for blame as a basis for divorce. No one enters into marriage expecting it to end in divorce. However, it happens for many couples. It can be an emotionally charged time but there are things you can do to make the process go more smoothly. Keeping a level head whilst negotiating a nancial settlement is vital. From 6th April 2022 no fault divorce came into e ect in England & Wales. is is a revolution in family law removing the need to blame one party for the marriage breakdown. No more need to t one of the ve facts historically required to get a divorce rati ed or wait for the minimum two year separation period. is will hopefully lead to more amicable resolutions. If both parties agreed the marriage has broken down irretrievably then a joint application for divorce can now be made. If you nd yourself in this situation here are 5 points to consider. Seek professional advice immediately. Your nancial adviser can help draw up a list of joint and personal assets so legal advice is based on accurate information. You should seek to cancel all shared nances to ensure an unscrupulous partner doesn’t take advantage of the situation. e timing of the process is also important. During the divorce process there is a window of time where a spousal tax exemption applies and then drops o . Splitting pensions is very common. ere are two main ways of dealing with this. Pension Sharing is one and Pension O setting is the other main route taken. e nal point is to budget for your new future as your lifestyle, income and nancial situation will be very di erent in the new post divorce world. If you are facing the prospect of divorce and want a guided hand to help on the nancial side, Michael at Oyster Financial Planning is here to help you. Michael Osman, Oyster Financial Planning The Big Sustainability Awards are returning to Southampton’s St. Mary’s Stadium on 22nd September this year. e ceremony, organised by e Southern Sustainability Partnership, will celebrate businesses and public organisations making a di erence to the planet and reducing their environmental impact. Hosting the event this year for the rst time is Megan McCubbin, English zoologist, conservationist, photographer and television presenter. McCubbin has co-hosted Springwatch, Autumnwatch and Winterwatch alongside her stepfather, Chris Packham on BBC Two since 2020. e award categories for this year include, Carbon and Energy Management, Collaboration, Communicating Sustainability, Finance for Good, Net Zero, Startup of the Year, Waste, Water Management and the Unsung Hero of the Year. Anita Potten, Director of the event organisers, e Southern Sustainability Partnership, comments: “We’re incredibly excited for another year celebrating the best sustainability practices and initiatives that businesses and organisations have to offer. Organisations from all sectors coming together and working to reduce their environmental impact makes us all feel really positive about the future and it’s fantastic to be a part of it. We can’t wait to welcome some fresh faces as well as familiar ones this year to celebrate their achievements.” e Big Sustainability Awards 2022 is taking place at St Mary’s Stadium, Southampton on ursday 22nd September between 7pm and midnight, following e Big Sustainability Expo earlier in the day. Nominations are open until 31st July with nalists announced on 31st August. Nomination forms can be completed via www.southernsustainability.co.uk, and there are some Award Category Sponsorships still available, all enquiries via the website. The Big Sustainability Awards 2022 Returns This Autumn
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