Finance split/pensions

[usuallyjustlooking]

Split from husband of 25 years due to his behaviour/alcoholism. I have 2 young adults at home

Started divorce proceedings and was going down the route of consent order. His pension is worth £200k more than mine. If going 50:50 I would expect the first £200k from the house and split the rest and he keeps his pension - have others done this?

He’s just countered that we go 50:50 on the house and he’ll give me 50% of his pension for the three years I was a SAHM!

Really wish I’d left him when the kids were under 18 as I still have to house them but get no provision. Hindsight hey? Neither of them speak to him cause he’s been so awful

It doesn’t work like that
pensions are not liquid assets, are not valued £:£ to equity, and cannot be realised immediately ( unless you’re pension age)

so the 200k pension difference might be less if traded for equity …. And if you do pso it will be transferred into your own pension fund

He can't decide that.

Parents restrict their careers so they can do drop offs and pick ups, be available for illness or school holidays. After 25 years, the split starts at 50:50, all assets included and that means his whole pension (and yours).

In a similar situation but have an under 18 as well, also no maintenance!-had been wondering about offsetting pensions in return for enough to buy a house outright, but I'm only ten years from state pension age with uncertain health so considering pension sharing order as I will never be able to build a decent pension in that time.Need to see what his DB CETV looks like, I imagine it will be a lot.

Alot is negotiation when it comes to financial settlement and divorce. Are the pensions both private sector? As public sector CETV can undervalue true value, so if one is a private sector pension and one public sector, it may be worth engaging the services of a pensions actuary.

With divorce and a long marriage you have to look at the whole pot of assets with liabilities/debt factored in of course.

It is possible to negotiate a lump sum to compensate for not getting a pension sharing order or a pension attachment order if this works in the context of the whole marital pot. But it depends on both parties involved and what agreement you can reach. Have you thought about going to mediation with your ex alongside getting legal advice?

You both need to seek informed advice about actual legal entitlement not what you both think is right. The divorce process will aim to make you equal and unless you have a lot of assets that means meeting needs.

As two adults without dependents you need a property, a pension and financial viability. If you both work and unless there is a huge discrepancy in income then you will probably be splitting equity 50:50 and equalising pensions. It is that simple. He might be willing to trade some pension but doesn’t need to.

You should speak to a financial advisor about your situation. Forgoing pension savings for equity you might not need to buy a home isn’t a good plan.

As others say pension savings don’t equate £:£ to assets that can be released immediately. So unless he is in his 60’s he can’t touch the pension.

Deleted as I misunderstood