People who are married / live with long term partner do you still have a seperate saving accounts ?

FatherTireseus

Joint account for the household bills, which we both contribute an equal amount into every month.
All other savings are completely separate and in our own names.

Indigo_and_Violet

No, but mostly through laziness rather than planning. We both arrived at the relationship with savings accounts and current accounts. When I moved in we did a spreadsheet of what the house outgoings were and who was going to pay what. Only 10 years later, but we don't really see what benefits we'd get from a joint account that we don't get from the current system, and setting up a joint account would require getting both of us sat down together to do paperwork. If there were benefits to a joint account we couldn't get as individuals we'd happily combine, but otherwise between accounts needing attention at different times and the £85,000 protection limit it doesn't seem worth trying to combine them. 
Possibly relevant that we don't have kids so there's never been a time where one is earning and the other isn't. I've taken a big pay cut recently so he is paying for more than before but we just manage that by talking about it. 

Linda32

No, we have been together for 33 years this year. We put our wages together about 30 years ago. When ISA's were worth having we had one each simply because it made sense to do so. But never considered them to by our own money. We set up a pair of mirror wills at the same time.

fred246

I have put lots of money in my wife's savings accounts for a running away fund but she hasn't gone yet. Is there anything else I need to do?

HampshireH

fred246 said:

I have put lots of money in my wife's savings accounts for a running away fund but she hasn't gone yet. Is there anything else I need to do?

😂...😂....😂...

74jax

fred246 said:

I have put lots of money in my wife's savings accounts for a running away fund but she hasn't gone yet. Is there anything else I need to do?

Best reply I've read in a long time 😂

Pollycat

Curious why the OP asked the question.

Is he/she in a relationship where both partners have very different ideas to managing their finances?

squirrelchops2

Separate accounts all the way with the exception of the account our joint buy to let mortgage and rental money goes into.
I inherited a significant sum of money and I am really sorry that yes whilst it is 'us against the world' this is my money! My family worked incredibly hard over many years for me to have this amazing priviledge but at the end of the day it is my money!!! Don't get me wrong my partner (of 14 years) benefits from this eg we live mortgage free and he also has quite a lot of his own money from inheritances, property sales so he isn't doing too badly off either!
We have had periods where one or the other of us has been out of work or studying and we support each other but my mum who is 88 would simply think it absolutely mad if I were to not maintain my own finances in my own name!
I earn significantly less than my partner - his take home pay is nearly 3 times what mine is - we split most bills 50/50 apart from the council tax which he pays all of. I am happy with that arrangement. When we go out he tends to pay as he has more disposable income but other big purchases eg a motorhome, holidays etc we split 50/50 all the way.

jackieblack

comeandgo said:

pinkshoes said:

We have a joint account that we pay a fair amount each into every month to cover all household/family mstuff. It is also linked to a savings account that we use to save for family holidays etc...

We then both have our own accounts for our own expenditure. Mr Pinkshoes can then spend his money on what he wants, and I can spend mine on what I want without having him scrutinise my account.

Some financial privacy in a marriage/long term relationship is needed!

If you're married, then individual savings accounts to "squirrel" money into are pointless as if you separated, all money/assets would be split 50/50 as a starting point. I have my own savings account but that's to save up and pay for anything I might like to do.

Regarding the 50/50 split of assets, the split is whatever the divorcing couple agree to.  

Assuming they do agree.
If they don’t then a judge will decide, using a starting point of 50/50 before considering other factors 

jackieblack

Indigo_and_Violet said:

No, but mostly through laziness rather than planning. We both arrived at the relationship with savings accounts and current accounts. When I moved in we did a spreadsheet of what the house outgoings were and who was going to pay what. Only 10 years later, but we don't really see what benefits we'd get from a joint account that we don't get from the current system, and setting up a joint account would require getting both of us sat down together to do paperwork. If there were benefits to a joint account we couldn't get as individuals we'd happily combine, but otherwise between accounts needing attention at different times and the £85,000 protection limit it doesn't seem worth trying to combine them. 
Possibly relevant that we don't have kids so there's never been a time where one is earning and the other isn't. I've taken a big pay cut recently so he is paying for more than before but we just manage that by talking about it. 

The advantage of a joint account is that if one of you dies/becomes incapacitated, the other retains access to the funds in the account.