new to this, your advice please

I have been married for over 20 yrs. The split in itself is amicable, but the finances, not so. Husband worked all the marriage and is now retired, receiving a pension of £180.000 over a period of each 10 years that he lives, indexed linked. During this time, I have, through investing money I have earned built up an asset portfolio worth probably £500,000 plus the matrimonial home equity of £150.000. we have two children 17 yrs and 18 yrs, both of who are about to start Uni. I want this to be fair, but how, I have offered £100.000 in assets plus his pension, he is young enough to get a job and so am I. He thinks this is very unreasonable. Your comments/ advice appreciated

forgot to mention..I wont have a state pension, as after advice, opted out of SERPS prior to getting married

Pension funds are not the same as liquid assets they are treat differently but one thing a court would try and establish is parity in your incomes/assets now and in retirement as you opted out if SERPS you will possibly have to consider either pension splitting to equalise your incomes later or keeping a larger share of your portfolio and no split. He must have a huge pension pot if he derives an income of £18k per annum over a million have you had it valued by an actuary?

Hi cindy and welcome to wiki,

In Financial remedy (division of assets)after a long marriage, the starting point is 50/50 and the needs of both parties housing a priority.

Your children will still need a base during the long uni holidays and may split their time between both parents.

Everything goes into the marital pot whether in joint or sole names and this includes pensions. As your stbx is receiving his pension, I presume he has already taken his tax free lump sum.

With regards to your state pension, if you go the the gov web site you can calculate what your entitlement might be, based on your husbands contributions.

For wiki members to be able to advise on the asset split they will need more details.

Respective ages.

Length of marriage including any pre marriage cohabitation.

Children and ages.

Respective incomes.

Equity in family home and outstanding mortgage.

CETV/CEB of respective pensions.

Value of any other assets/savings either in joint or sole names

Debts/liabilities either in joint or sole names.

Health of all parties.

I know you have answered some of the questions but it is a good idea to have them all listed in one post.

Best wishes,

NWTT.

Pension funds are not the same as liquid assets they are treat differently but one thing a court would try and establish is parity in your incomes/assets now and in retirement as you opted out if SERPS you will possibly have to consider either pension splitting to equalise your incomes later or keeping a larger share of your portfolio and no split. He must have a huge pension pot if he derives an income of £18k per annum over a million have you had it valued by an actuary?

its a police pension..he is retired after doing the stauatary 30 yrs and he is now 53 and I am 54

Thank you for taking the time to reply to me, and sulkpants too..I am greatfull..I shall get the information together that you have mentioned