Ok so situation is - I'm 61 wife is 56, 2 kids both adults.
House is worth £450k o/s Mortgage £200k - so £256k equity.
I earn about £44k and I also have a £9k pension curtently paying out.
Wife does not work, nor has she done for a number of years, probably can't again due to health ( not serious but enough to make it not really viable ).
I have about £85k in a SIPP she has about £55k
We have about £50k in savings which should be split 50/50.
We also have one car - worth about £12k - she can have that.
My proposal - from the Take Home of about £3500 the mortgage gets paid and council tax - until the house is sold - any income after that is split 50/50 - should leave us about £1k each until house sale, then £1750 ( which should be enough for me ).
Once sold she can buy a house cica £250-£275k and be mortgage free.
I'm planning to rent a room until house is sold, then with income split 50/50 I should be able to buy a small property with a small mortgage.
State pensions will be allocated to the relevant persion, I'll probably get a Civil Service pension of about £200 a month which I'll keep as well..
Am I being too generous?
