My wife and I separated in June. In July an endowment matured. I originally took it out when I was single and paid into it for 10 years before we were married. I paid into it for 15 years during the marriage. Is she entitled to 50% or a lower percentage?
No, intending to put it in an account to pay for school trips for daughter. (It is only £2000). I''m just not sure whether a 50/50 split is what would be ended up with or whether it should relate to the amount of time we were married.
For the amount it is I will accept a 50/50 split for the reaminder, as to get solicitor''s involved is likely to cost more than the difference. She has a solicitor (legal aid), I do not.
50:50 is the start point for division after a long marriage. But other factors mean it rarely ends up like that. The 2k would be part of the marital pot to be split according to needs first. Have a look at section 25 of the 1973 matrimonial causes act.