Katie Holmes to receive $400,000 annual child support from Tom Cruise

Katie Holmes is to get $400,000 annual child support from Tom Cruise, but her prenuptial agreement means she will recieve no lump sum payout for herself, it has been revealed.

TOM CRUISE AND KATIE HOLMES DIVORCE SETTLEMENT REACHED

Katie Holmes has walked away from her marriage to Tom Cruise with 'next to nothing' thanks to a tight prenuptial agreement, according to reports.

The actress is excluded from any part of Cruise's $250 million fortune, but will recieve child support from her husband of five years.

Additionally both parties have agreed that Suri will not attend a 'residential (boarding) school', ending Katie's fears that her daughter would be sent to a Scientology school.

Cruise will also pay for Suri’s expenses, including any medical treatment, dental, insurance, education, and extracurricular costs, until her 18th birthday.

Cruise was reportedly left 'blindsided' when Katie served him with divorce papers last month, citing ' irreconcilable differences.'

In a joint statment released when their divorce was finalised, Tom and Katie said they are 'committed to working together as parents' for the sake of daughter Suri Cruise, who will reportedly remain in New York with Katie Holmes.

What are your thoughts on Tom Cruise and Katie Holmes' divorce deal? Let us know in the comments box below...

TOM CRUISE AND KATIE HOLMES RELATIONSHIP IN PICS

TOM CRUISE'S SURPRISE DINNER AT UK CURRY HOUSE

KATIE HOLMES & SURI'S DAY OUT IN NYC

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