Finances living together

[rent25]

Hi all,
I am trying to get a sense of what would be fair and balanced when my partner moves in with me in near future. We have been together 2.5 years and need to discuss.

He will be selling up and moving in with me, I have a lifetime housing association property that I won't give up and won't put his name on my tenancy unless we marry (maybe)

I have my own business and earn well, far more than him. No pension

He will be retiring from main job, good pension but will continue to work on his own business.

I doubt we will ever marry. We're both 50's.

I'm thinking I will continue to pay the rent and we can go half's on all bills. Does this seem fair, some of my friends agree, others disagree. He is quite adamant he will pay his way

Please let's not talk about my pension, I have never had anything spare to put into one until the last few years. I figure I will live off savings and then benefits in old age. Starting a pension now is just not worth it.

I’d just split everything 50/50, rent included, seems the easiest way!

"I will live off savings and then benefits in old age."

Careful, living with a guy with a high pension would likely disqualify you from pension credit...

If you aren’t prepared to put him on the tenancy, I wouldn’t be paying anything towards the rent personally. Especially if I sold up, and effectively would be homeless if things went tits up.

I think a 50/50 split on all other bills is fair. He isn’t ( or at least shouldn’t be ) moving in so you can save money, it’s a joint commitment and your bills will
still be 50% cheaper.

if you put him on the tenancy or ever got a new place together then obviously the rent /mortgage should be 50/50.

@Applesandpears0 that's my theory exactly
@UnemployedNotRetired I do have concerns about this but it's many years ahead, something to bear in mind
@Puzzling25 I just feel that's grabby

Please let's not talk about my pension, I have never had anything spare to put into one until the last few years. I figure I will live off savings and then benefits in old age. Starting a pension now is just not worth it.

I have no words.

@iamnotalemon why not? That's not very kind.
I have saved a substantial amount (to me) in the couple of years I have been able to. I have always been employed but at minimum wage and couldn't afford to take part in any pension scheme.
Admittedly I don't understand how pensions work but I can't see my savings really having any big impact at such a late stage of life

Pensions are more tax-efficient than savings, have you had any financial advice or is it just an assumption you're making?

The savings you have could go towards a pension and are a much more tax efficient way of saving. Also could his half of the bills not go towards the pension. Please seek financial advice on this. If you have built up significant savings then you did have money to add to a pension

Half the bills and shopping sounds fair and I would expect him to treat you to meals out and holidays if hes not paying rent