20th Feb 2023

A “Duxbury” lump sum

the fund paid by one spouse to the other, calculated by reference to a range of financial and actuarial assumptions, to provide a stream of income to replace maintenance payments for the rest of their life. For example, a husband might pay a sum of £100,000 to his wife aged 60 to provide her with an income of about £10,000 a year (including her pension) for the rest of her life.