Spousal and Child Maintenance and Final settlement

Hi,


I have used the calculator which is a helpful tool.
I have an old fashioned marriage and I will be losing alot of my wealth- I just need enough to leave and get a £180K mortgage out of my £6K salary, after the maintenance is paid (£1500) .

The calculator gives a maintenance figure of £2100/£2400

Does the maintenance figure include child maintenance?

Outgoings or household/childcare data - which basis is used when.

How long do the payments continue for?

For the longer term, the asset split is 70/30 in my wife''s favour which I find worrying- why is that?

Here are the details

My Age 50, wife 43
Children 9y and 12y
2 nights with me, 5 nights with she
15.5 year marriage +1y cohab.
Assetts 660K- ( brought a 120K house to the marriage)
No liabilities
My Salary 6K, hers £500
Outgoings estimated around 2900 each

Thanks

Her income is £500, is that per week?.

£500 month, part time and variable

There will be no spousal maintenance neither earn anywhere near enough,

Child maintenance will be at current CSA rates,

Forget the 70-30, the calculator is a blunt tool to say the least.

You both need to work out what it will cost to rehouse from the 600k you have, once rehoused what you have let is likely to be pretty much half each, unless there are health problems or a future income disparity.

You make no mention of pensions, do either have one?.

Is the 6K also a monthly figure? If it is spousal maintenance is very likely to be payable. Dukey was working on the assumption I think that this was an annual figure.

Dam and blast, yes i was indeed working on the assumption of an annual income.

Will i ever learn?.

Assuming the 6k in monthly salary your overall details aren''t that disimilar to mine. I went to final hearing. As assets met both our needs(i.e both of us could house ourselves with half assets)assets were split 50/50. The question of percentages really depends on this. Could you both rehouse with £330k each plus selling buying costs? Pensions in my case were also split 50/50.

Spousal maintenance was payable based on a global figure less any child maintenance payments. You say her needs are £2900 per month, so deducting her salary, and benefits (CM, CTC and child benefit etc) may leave you with a rough idea on how much SM you may be payable.