Article 5 Interest on lump sums

In Article 25 of the principal Order (financial provision orders in connection with divorce proceedings, etc.) after paragraph (6) there shall be added the following paragraph—

“(7)

Where the court

(a)

makes an order under this Article for the payment of a lump sum; and

(b)

directs—

(i)

that payment of that sum or any part of it shall be deferred, or

(ii)

that that sum or any part of it shall be paid by instalments,

the court may order that the amount deferred or the instalments shall carry interest at such rate as may be specified by the order from such date, not earlier than the date of the order, as may be so specified until the date when payment of it is due.” .