Split after 23 years. Don't know where to start??

kangoora

The NHS pension might be much, much more valuable than you appear to think! It might be a bigger asset in pure monetary terms than your house.

If she has worked in the NHS for even as long as you have been in the marriage (possibly even longer) then the pension will be worth a significant amount although as a shared NHS pension you wouldn't be able to draw it as cash, only as income on retirement.

Don't forget everything will presumably go in the pot for financial settlement, including any pension or savings you might have, cars, joint debts also! It will all be divided as you agree, or if you can't, as a court decrees.

I strongly suggest you see a solicitor with experience in this matter.

Jackboy

Thanks Kangoora. She has worked for them for about 32 years. I don't really like the idea of taking her pension, but may need to use it as leverage to get the mortgage down to an affordable level if needs be.

I'll try to make a solicitor appointment in the next week or so.

kangoora

Jackboy wrote: »

Thanks Kangoora. She has worked for them for about 32 years. I don't really like the idea of taking her pension, but may need to use it as leverage to get the mortgage down to an affordable level if needs be.

I'll try to make a solicitor appointment in the next week or so.

Understand but this is about equality and fairness, it's not about 'taking' her pension.

Assuming you have a pension then yours will be added to the pot along with hers and then split down the middle so you both end up with the same 50/50 share - all other things being equal.

It may be that in the end you give up some rights to her pension for the house equity as you want, but to get to that position all of both partners assets should be valued and understood so a fair settlement can be reached.