Hi, thank you for your question. Just a bit more information required to fully assist you:
-Is this child maintenance or spousal maintenance?
-What are your respective incomes (not including what you are paying as maintenance?)
-What assets do you both have, both joint and sole?
-How long were you married?
-Is there a court approved order in place regarding these payments?
Thank you - was the financial settlement approved in a court order?
I am afraid the only formula for maintenance is in relation to child maintenance. Spousal maintenance has no specific formula and there needs to be assessment of various factors, mainly in relation to what her reasonable needs (ie. outgoings are) as well as what your income and reasonable needs are. If you income or circumstances have changed significantly you would be entitled to apply to vary the court order, but again there is no specific formula for spousal maintenance.
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My name is ***** ***** I have been a solicitor for more than 35 years.
As I understand it you wish to "buy out" your liability for Spouse Maintenance with a Lump Sum
The calculation is done using the "Duxbury Tables"
You can read about them here
Sadly these are not available online and they cost £50 to purchase (they can also be difficult to use)
Please ask if you need further details