new to this, your advice please

My ex had (that is used to ) have a very generous police pension too, which he considered his I think you might have taken you eye off the ball slightly.

First if all the pension pot is going to be far more than anything that is going to be thrown into the marital pot even if you have a portfolio of half a mill.

Even though he has stopped working he is not of pensionable age and a court would expect both parties to maximise there income and unless restricted due to child care duties or ill health to maximize there incomes and ex police are very much in demand. He will also have been advised to try and retain as much of his pension as possible, so you need to think carefully about how you would wish to split the pot are you happy to take more assets now and possibly have a frugal old age or request a lump sum out of the pension.

Another point to consider is that if you do decide to split part of the pension until you are 60 you can not have a penny if it.

Do not offer you STBX a penny as currently he has more assets than you do. A courts main priority would be to keep a roof over your children''s head if the FMH is too large consider downsizing to something more appropriate to you and your children''s needs.

Thank you..
all read and understood, apart from the biit about splitting part of the pension until 60, I cant have a penny of it...
thank you

please..your help..

Husband is 53 and I am 54

Married for 21 years with about a year living together prior to marrage

Children are 17 and 18 and both are proposing to go to Uni

He is paid £1500 pm police pension, he is unemployed his commutation of £130000 is spent

I maintain and run a portfolio of 5 properties jointly owned of which I derive a household income of £1500 pm. I consider this my job. I have a police pension which will pay me £3000.00per year at age 65 and I had opted out of serps prior to getting married and so am not entitled to a state pension.

Each of the properties has a 50% equity to mortgage and this totals £500.000
One of the properties, I owned as a single woman.

The family home has a morgage of 250.000 and is worth £350.00

Although there has been no actual valuation of his police pension, it may be from what I have read that a full police pension of 30 yrs, if valued by an actuary may be worth a million pounds.

Other joint liabilities/debt £20000.00

Both parties are healthy.


I have offered one flat with £100,000 equity, half of its value, and that he could keep his pension, and I would have everything else. He is not at all happy, wanting me yo sell tye portfolio and give him half. He says he does not have to contribute to our son going to uni in sept, and it was our sons choice.

please..all good/ bad/any advice greatfully received...

In my view you are entitled to half of the matrimonial assets because of the length of marriage.
Is the £1500.00 per month he receives after tax?
Is your £1500.00 per month gross or nett?
Opting out of SERPS should not deny you a state pension!
Are you saying the portfolio is worth nett £500,000.00? If so who has valued the assets?
Who is to keep the FMH or is it to be sold?
He has a duty to educate the children until they finish Uni.
Regards
Tirov

Thank you Tirov,
his £1500 is after tax, and mine is before tax
I thought that was the point of opting out from SERPS (i need to check that)
the half million for the portfolio equity, but if sold would need toay 20% capital gains tax.. plus cost of sale and legal (i dont want to sell them out of preference) value by current markent prices, I relaise that it would have to be properly valued, but for the sake of not much either way, it may make it easier to assume that the price.
He does not seem to have an interst in the FHome..so I would like yo stay here, it has three bedrooms and there is me and two adolencence