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Financial Settlement

  • orientalpoppy2
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25 Mar 12 #319975 by orientalpoppy2
Topic started by orientalpoppy2
I have used the calculator and wondered if this can be correct:
18 years of marriage
Income Husband - £1000 pm
Wife - no income
The number of children from the marriage is 1
Child 1 stays with wife for 7 nights per week and with husband for 0 nights per week.

Wife''s Monthly Outgoings:
Essential outgoings: 950
Childcare outgoings: 700
Lifestyle outgoings: 1600

Husband''s Monthly Outgoings:
Essential outgoings: 1000
Childcare outgoings:
Lifestyle outgoings: 1400

Property = : £487200
Liabilities = £-356520
Wife''s share: 90%
Husband''s share: 10%

Wife''s total share of net assets is : £117612
Husband''s total share of net assets is : £13068

Could this be a realistic outcome?

Thank you so much.

  • sillywoman
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25 Mar 12 #319987 by sillywoman
Reply from sillywoman
Your income includes child maintenance, child benefit and child tax credits and JSA or income support.

  • Fiona
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25 Mar 12 #319988 by Fiona
Reply from Fiona
The calculator is good at crunching numbers but it can''t take account of individual circumstances. It seems a bit odd that W has no income but pays £700 for childcare and both spouses are claiming the total amount of lifestyle outgoings is £3k when it appears the only source of income is H''s income of £1k. Have you worked recently and what are your ages? Are there any other assets such as a pension fund?

  • orientalpoppy2
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25 Mar 12 #320004 by orientalpoppy2
Reply from orientalpoppy2
Hi Fiona,
The wife worked but has been unemployed for 15 months.And, so far although W has attended 12 interviews has not been offered a job. H is 53 and W is 48. Each has a pensions pot of £16k. The child is 19 and Asperges and W looks after the child. Maintenance has been paid by H ,£150, but sporadically.

H and W have lived in this country for 15 years.

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