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50:50 financial split question

(7 Posts)
andanothernamechange Fri 01-Dec-17 18:16:06

So DH and I are at the very early stages of separating with a view to divorce. It's all very amicable at the moment (and yes I am aware this might easily change).

So at the moment we both earn the same amount per year and have always had one joint pot of money and debt. The plan is to split everything 50:50 debt, proceeds from selling the house, financial cost of DD. There will be no spousal payments as we earn the same.

But what happens if one of us begins to earn more than the other in the future? Would they then have to pay a higher proportion of DD costs and provide spousal payments? Both of us have the potential to earn more so could apply to either of us?

LDNBEN Fri 01-Dec-17 18:56:41

I’m not sure but the costs of raising a child do not increase as you earn more salary ?
If the new job resulted in the other parent taking on greater responsibility and costs maybe it would be fair to increase the payment.
If you can keep it amicable - I’m sure you would be able to agree on a fair outcome
Good luck.

MrsBertBibby Fri 01-Dec-17 18:57:11

What will the arrangements be for your daughter?

andanothernamechange Fri 01-Dec-17 19:07:34

It's very early days but I am trying to get an idea of things.

DD will be 50:50 again, she's 13 so older and will be included in how she is looked after.

I get the costs don't increase for DD but it's tight money wise at the moment and that is running one house. Running two will make it even tighter so I was thinking if one party starts to earn more the could contribute more towards DD costs.

noisykid Sat 02-Dec-17 09:33:24

No you split 50/50 and that's the end of it.

HouseworkIsAPain Sat 02-Dec-17 11:16:04

Who is more likely to have DD living with them and buy the essentials, pay for school trips etc? Who will get child benefit (if you’re below threshold)?

MrsBertBibby Sun 03-Dec-17 18:04:07

It's really tricky to draft an order that covers this situation.

You need to get proper advice.

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