Divorce settlement

Mrs_Fatso

It would be tight. I m trying to build up career and that will be much more affordable in say 5 years time but so I have the option of paying him
then? Seems a bit swayed in his favour to get that and his pension and such a larger wage than me.

Comms69

tacpot12 wrote: »

I think you should be looking for between 70% and 75% of the house depending on when his debt was acquired - 70% if acquired before separation and 75% if acquired after separation. This represents a 50/50 split of resources. You could try to push for more than this, because he has a greater capacity to make up any shortfall due to his earnings.

Can you afford the mortgage payments if you only get 70% and don't secure any spousal/child maintenance? The payments will be about £400 per calendar month.

Zero spousal maintenance, but some child maintenance (until the children finish college) would be appropriate. The Child Maintenance Calculator (https://www.gov.uk/calculate-your-child-maintenance) suggests a figure of £667 per calendar month (£154 per week).

I get 152, but irrelevant - that's without any pension contributions, so I suspect it's somewhat less

Mrs_Fatso

Should I be considering our assests as a whole and then dividing? Looking back at the wikivorce calculations thats what it seems to have done there.

Comms69

Mrs_Fatso wrote: »

Should I be considering out assests as a whole and then dividing? Looking back at the wikivorce calculations that!!!8217;s what it seems to have done there.

yes not sure how else it would be calculated?

Mrs_Fatso

So should I look at 65% of the whole? I m getting myself confused now! So if he wants to keep his whole pension then he gets less money from
the house?

Not sure why I don!!!8217;t want to screw him over I must be nicer than I thought!

Comms69

Mrs_Fatso wrote: »

So should I look at 65% of the whole? I m getting myself confused now! So if he wants to keep his whole pension then he gets less money from
the house?

Not sure why I don!!!8217;t want to screw him over I must be nicer than I thought!

But you wouldn't screw him over; people are providing you with estimates of what a court would order.


This isn't about being nice, it's about being pragmatic.


I suspect he could afford a legal battle more than you could...

TBagpuss

Mrs_Fatso wrote: »

So should I look at 65% of the whole? I m getting myself confused now! So if he wants to keep his whole pension then he gets less money from
the house?

Not sure why I don!!!8217;t want to screw him over I must be nicer than I thought!

Yes, exactly. It's not just the house, its both pensions as well.