had a couple of plays with this neat tool, a few queries though.
the 2 figures at the bottom than I am to pay. is that monthly? its saying i need to hand over 50% of my net income. i suppose the 60/40 split on the asset is standard, but i just cant seem to rationalise why i have to hand over 50% of my income (there will be CSA payments to come out as well) - how would I be expected to provide somewhere for my children to stay under this calculation. i must have done something wrong! ;oD - any thoughts gratefully received.
General:
The length of the marriage was 10 years.
Income:
The wife's net monthly income is £500.
The husband's net monthly income is £1200.
Children:
The number of children from the marriage is 2
Child 1 stays with wife for 3.5 nights per week and with husband for 3.5 nights per week.
Child 2 stays with wife for 3.5 nights per week and with husband for 3.5 nights per week.
Wife's Monthly Outgoings:
Essential outgoings: 775
Childcare outgoings: 160
Lifestyle outgoings: 165
Husband's Monthly Outgoings:
Essential outgoings: 818
Childcare outgoings: 160
Lifestyle outgoings: 164
Assets:
Joint matrimonial property:
- Former
matrimonial home valued at £130000
- Car(s) valued at £750
Total : £130750
Wife's property:
Total : £0 (Total value at marriage : £0)
Husband's property:
Total : £0 (Total value at marriage : £0)
The total value of assets you entered as joint assets was : £130750
We add to this joint pot the increase in wife's assets since marriage : £0
We add to this joint pot the increase in husband's assets since marriage : £0
We add 10% of wife's assets (valued at marriage date) for each year of marriage, which is £0
We add 10% of husband's assets (valued at marriage date) for each year of marriage, which is £0
The joint asset pot is: 130750
The wife's asset pot is: 0
The husband's asset pot is: 0
Liabilities:
Joint liabilities:
- Mortgage valued at £-95000
- Unsecured loan valued at £-7000
- Credit card valued at £-5000
Total : £-107000
Wife's liabilities:
Total : £0 (Total debts at marriage : £0)
Husband's liabilities:
Total : £0 (Total debts at marriage : £0)
The total value of debts you entered as joint debts was : £-107000
We add to this joint pot the change in wife's debts since marriage : £0
We add to this joint pot the change in husband's debts since marriage : £0
We add 10% of wife's debts (valued at marriage date) for each year of marriage, which is £0
We add 10% of husband's debts (valued at marriage date) for each year of marriage, which is £0
The joint debt pot is: -107000
The wife's debt pot is: 0
The husband's debt pot is: 0
Now we net off the debts against the assets:
The net joint assets are worth : 23750
The net wife's assets are worth : 0
The net husband's assets are worth : 0
Next we share out the net joint assets based on factors such as:
length of marriage, relative incomes, who cares for any children.
Wife's share: 60%
Husband's share: 40%
Wife's total share of net assets is : £14250
Husband's total share of net assets is : £9500
The Wikivorce estimate for ancillary relief based on the above parameters:
Maintenance calculation based on outgoings data:
The wife must reduce her budget from £935 to £831
The husband must reduce his budget from £978 to £869
The wife has been allocated the following:
- basic (incl childcare) needs £831
A total budget allocated of £831
The husband has been allocated the following:
- basic (incl childcare) needs £869
A total budget allocated of £869
The husband should pay the wife maintenance of £331
Maintenance calculation based on household/childcare data:
The wife has been allocated the following:
- basic (incl childcare) needs £625
- shared contribution £225
A total budget allocated of £850
The husband has been allocated the following:
- basic (incl childcare) needs £625
- shared contribution £225
A total budget allocated of £850
The husband should pay the wife maintenance of £350
