I'm a teacher, with a good pension if I continue to teach till I retire, albeit on a low ish salary with part time for several years of it. I've been teaching 17 years and in my early 40s.
Ex is on double my salary and is likely to earn lots more, he however has a tiny pension, due to him being useless with money. I nagged him for years to get one started, he's only been paying in for about 5 years, he's late 40s.
We are separated a year, going to start the divorce once no fault divorce comes in, or next September when it's 2 years since he moved out.
I'm a bit aghast at the thought that he could take half my pension as well as half the house equity when we sell, considering his high earning potential and that he will probably go on to have much more than me in terms of a retirement pot with his high earnings, mine will never be much more than I earn now because as a teacher there's very little chance I'll ever get a pay rise, I'm on the highest pay I'll ever be on.
I've requested my CETV and have asked him to do the same. I have the children the majority of the time and he's agreed that if we can find a way for me to take on the mortgage then I can stay in the house until the eldest is 18, in 7 years. We haven't discussed the split of the assets yet...worst case is 50/50, and him taking some if my pension as his is so low...I couldn't afford to buy anything near what I'd need with that and I couldn't afford to live without my entire pension...
I know I need to talk to a solicitor but I'm also skint as I'm saying the mortgage alone...I don't have any savings to pay for one. Does anyone have a similar situation? What's likely to happen, would I have to give him half or would his earnings be taken into account at all? Feels really wrong that he gets half of my pension just because he's been rubbish about planning for his future..🙁