Usual question I guess: what is fair?

Theres 1 year left on the mortgage.
Her income I did say for the purpose of this exercise is zero, she won't declare it. Tax man sees zero, it's zero, that's why I'm having to pay her NI. If her job goes she won't find another one and she won't sign in either, been there before. So it's £0.
Thanks.

Biggest asset is the house. If it was worth £75k twenty years ago and can take a £15k conservatory it suggests it is bigger than either of you need and holds a lot of equity.

Without that figure no one can help you.

Hi, I put an estimate on the house at £180k in post 1, given valuations in the street it's failry accurate. It's only 2 bedrooms. Conservatory at 4m x 9m is the biggest room, then there's the converted garage. Garden feasible size, detached. You won't get a more accurate valuation unless I get an estate agent involved.

Anyway thanks for your help. I've s reasonable idea of where I stand with it all.

Based on the figures you provided the total asset pot is 474k (excluding cars) so a 50:50 split is 237k each.

If you went 50:50 split with a Clean Break that could mean giving her the house + 50k and you keep all your your pension - no further payments to the wife.

However, your cash savings would be gone and you can't live in a pension. Perhaps you can use your 40k equity in the part shared property for a deposit on a new home for yourself.

I would talk to a solicitor to find out what the courts are likely to deem a reasonable settlement.

Hopefully someone else comments too.

Good luck.

Thanks

Apologies, I like other posters missed the house valuation as there was lots of content about the house but no price, then the pensions section you tagged the house price on

So reworking the earlier post

To break down what we know

House equity
Family home - £180k
Part share - £40k

Pensions
You £160k
Her £30k

Savings (-debt)
You £50k
Her £14k

Income
Yours C. £40k
Hers £?

SO we have
£220k in "cash equity" (though £40k may be hard to extract due to the joint ownership with others)
£190k in pensions one which is almost liquid


So again it’s down to how much a one bed place would be. Your earning capacity suggests she will get greater amounts of equity to house and then pay her an income in retirement. Your age suggests you can contribute to a mortgage and pension for longer so ultimately you will likely get less equity from the house and possibly also have to surrender some of your existing pension now. No guarantee that 60/40 would create parity could be higher in her favour potentially

Ok
Ok so the other person says 50/50 clean break with advice following re finance that's terrible and you say maybe 60/40 or even worse due to earning capacity. If the latter that absolutely stinks. If the former I could live with that.
50/50 she keeps the house, fine, and I pay her £20k. Mathematically I should only pay £13k
The longer we stay together the worse for me it gets as I'm growing my assets by £2k+growth a month.
Split so I keep the ISA so I actually have something liquid for a deposit. Keep the 40% in the property as it's illiquid, the other parties wouldn't buy me out and it also gives me cashflow, which is important for how finances actually work....
Then the pensions are split, she keeps her £30k pension and her savings and gets £20k from mine or thereabouts.