Me and my ex husband have so far amicably agreed on how we're going to split time with our children, our possessions and our finances. We were originally going to sell the family home and split the £200k equity: £130k to me and £70k to him. He earns 4x what I do so that seemed fair and we could both find a home in the area we currently live in. But the property prices have gone mad! I don't think I will be able to get a mortgage especially as I will have to declare 2 children as dependants.
So my ex has proposed that I give him all of my pension pot of £70k so he can buy a new place and he will sign over the family home to me. He thinks this is a great solution so we can start living apart and start new lives. But I feel very nervous about handing over all of my pension. It's from the job I had pre-kids in the civil service under the old final pension salary scheme (which is now closed). The work pension I pay into now isn't as generous. My ex seems to think that paying down the mortgage on the house would effectively be as good as the pension in the future but I'm not sure. It's not certain that house prices will always rise, is it? Wish I had a crystal ball!
Has anyone else been in this situation? Do you regret sacrificing your pension or was it worth it? I don't know what to do and this is threatening our amicable separation as, understandably, we are frustrated at being stuck together in the family home. Please help!