Hi, I would be grateful for some advice on settling finances. Married 22 years. I'm 46, husband (petitioner) is 53. His pensions are worth at least £125k more than mine. He says our capital is equal, but i doubt this is true. I earn £300 more per month but will still have far greater outgoings. I will be staying in the family home with our 3 children (no mortgage). He's going to live with his mum. He wants us to keep our own assets and sell the house, 50/50 split, when our youngest turns 18 (in 7 years). I asked him for a larger share of the house e.g 60% of £550k to offset the pension difference but he won't budge. Do you think it's fair of me to pursue this?
Thank you for your replies. We talked it out last night and he might give me 55%,£27,000 extra, of the house so long as he doesn't have to pay for any essential maintenance since the property needs a lot of work e.g. rendering, plastering. This would be a better option since we wouldn't be disagreeing over what work is essential.. I know it's not nice for him that he has to move out and I'd like to know how that affects the financial split?
Our assets are: the house - £550,000, pensions - £275,000 (my work £75,000 + his £200,000 inc AVC), savings in the bank are equal
I earn £1900, he earns £1600, net per month. I also get the child benefit - £198 per month
The children are 16, 13 and 11 and will stay with me every night
We are currently still cohabiting and I spend £1300 per month, he spends £500 including £80 to his AVC pension and it's been that way for about 5 years