Large age difference divorce

[wizzdexter1]

Difference in ages and financial settlement
Hello I’m just wondering what your views re the financial split of 70/30
Married for 20 years 2 properties worth about 900k plus about (500k, 400k) savings/ pensions of about 400k. He is 66 and I am 51 he’s retiring soon I earn 45k he is on 60k but will go down to about 30k when retired. He wants a 70/30 in his favour as he is saying I have a final salary pension and a secure government job and a 300k property that I have recently inherited that I plan to sell in due course and he needs more capital than me to maintain a 30k income. Is the 70/30 split reasonable ?

Based on the above probably
but you’ll need proper advice particularly in valuing your pension which could be very valuable, as well as another 15 years of growth to it

the inherited property also needs factoring in

It's hard to answer this without knowing the value of your pension - can you get a valuation of it?

I don't think he's made much of a case to change from 50/50.

You need much more information on pensions and advice on how an inheritance changes things. Paid advice is needed here.

When you're talking about this much money, you need proper advice from a lawyer.

About 100k his 200k

You need a proper valuation in pensions - final salary can be v lucrative and also more complicated to value as I understand and not so easy to compare to a defined contribution one

His pension is worth twice as much as yours? Surely you should get more of the assets then? Or have I misunderstood?

No, this is not a simple case. He is older and whilst not at retirement age very close to it. The pensions will probably not be equalised. The OP is able to work for another 16 years and can continue to accrue a pension. He can’t as he is too old. He will need more of everything, pension share and equity.

But surely a divorce usually considers the assets accumulated during the marriage? Not those which may or may not be accumulated afterwards?

Earning potential is also a relevant factor. The husband in this scenario doesn't have earning potential, he's at retirement age. The wife has another 16 years AND a DB pension. You can't "value" a DB pension at cash equivalent value today. It has to be professionally valued.

Are there any children?

All over 18 one still at home 50/50 at my place and at his, one at uni and the other has his own place