Received financial disclosure from exh - what is a decent pension amount?

[Sunshineandflipflops]

Hi

After a lot of dragging feet, my STBEXH has finally submitted his financial disclosure to my solicitor. He earns 3 x as much as I do and has £150k in pensions but I have no idea is this is a good amount and if it might mean I can get a bigger share of the family home? I can't remember what my pension is worth but no-where near that as I work in local government and put my career on hold by going p/t when we started our family.

I am going to arrange a meeting with my solicitor to discuss but does anyone have any experience of gaining a larger share of the home based on earnings/pensions?

Thanks

£150k isn't much of a pension pot but it depends how old he is.

You may be surprised by the value of yours if you're in the LGPS

Yes you need to find out the value of your pot, it may be worth as much as it more than his, especially if any of it is defined benefits.

Thanks. I sent my pension info to my solicitor so can't remember what the value was. We are both early-mid 40's.

For context, I have an old DB pendion that will pay £18kpa at retirement. The value of the pot is c.£450k. If you have even a small LG pension due, your pot will be £150k

I don't think you can negotiate until you know the value of your own pension to be honest

As others have said, you need to know the value of your own pot and of the other assets on both sides.

£150k isn't much for someone in their mid 40s. DH divorced his ex when they were both roughly 40 and his pension pot was worth about £400k. I would try to temper your expectations if I were you. Remember that cash/assets now are more useful than pension you won't see for 25 years. He may not be happy to forego house equity in return for pension - he may prefer to share both.

Your local government pension scheme is likely to be worth massively more than his, even if you're part time.

£150k isn't much at all. Are you sure that's all his pensions and he's not hiding any?

150k is quite a low amount to have in your 40’s.

£150k isn't a lot.

I'd be surprised if yours wasn't better unless you haven't taken full advantage of what's available to you. I'd definitely start by seeing how much yours is worth and whether you can improve it.

OP I disagree that it's a low amount in your 40s if you've worked in certain professions where employer pension contributions were/ are very small. Agree that a LG salary needs investigating.

Your solicitor will advise you.

Agree with others that £150k is not a lot. And, TBH, you sound just slightly evasive about yours. Presumably you got a CETV from your pension fund or you wouldn't be saying he's dragging his feet, so you must know what - are you saying you just winged it off to your solicitor without taking a copy? Are you going to go via mediation? If so, you need to know the basics of your own financial situation.