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House vs Pension

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TTasker
Posted by
New Member

21 Dec 22 - 21 Dec 22 #520310 by TTasker

Topic started by TTasker

I am currently in the early stages of divorce (52 years old), children have grown up and moved out.
I earn £100k but have just 2 years left of contract, likely to retire after, she earns £25k with own small biz.

The assets are essentially

£1.4m house - No mortgage
£800k Pension Pot
£350k ISA
No Debts
I am proposing giving my wife the house and i take pension and ISA, with a Clean Break.

Appreciate any thoughts

Last edit: 21 Dec 22 by TTasker.

WYSPECIAL
Moderator

22 Dec 22 #520311 by WYSPECIAL

Reply from WYSPECIAL

How big is house?
Does she want it?
Will she be able to afford to run it?
Does she have a pension?

TTasker
Posted by
New Member

03 Jan 23 - 03 Jan 23 #520360 by TTasker

Reply from TTasker

She wants and will sell house as its far too big and will then use money to buy mortgage free a new house at approx £650k (small 4 bedroom)

This will leave her with approx £700k in cash/pension, whatever she sees fit to do with it and her £25k a year salary.

Last edit: 03 Jan 23 by TTasker.

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Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

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