... "My wife and I are soon to have a 'clean break' divorce. Her lawyer is wanting me to sign over the house in its entirety that I have paid for all my working life in exchange for not touching my pension."
There's no figures mentioned whatsoever to inform the advice. But below the line, 'Just Retired' is winning the comments with 166 green arrows to 7 red. Given that the correspondent mentions "the house in its entirety" and "all my working life" you'd have thought "his descendants" and "her descendants" would more than likely be the same people.
And the voting in these comments says it all. The fact the global equities have outperformed UK houses by about three to one seems to have completely passed them by.
But presumably at the crux of the problem is that the man would find it impossible to buy anywhere to live if he had to start again. And so would his ex-wife, which is why she wants the house and not the pension. As for what his job is and where he lives we're in the dark.
3 comments:
Furthermore, their children, under the new rules, could inherit any residual pension fund at his death. Even if he has an FS scheme he could take a CETV at NRA and go to drawdown and achieve that.
I'm with Spindler.
Meanwhile the house builders chug along "In a move to counter rising input costs, Persimmon now has its own operational brick manufacturing plant in Harworth, and further investment is expected to go into the group’s Space4 insulated frame build system. A total of 17,300 plots of new land were acquired in over 80 locations, indicating a replenishment rate equivalent to 110 per cent of output. A new division has also been opened in Ipswich, taking the total number of divisions to 30 from just 24 three years ago."
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