Thank you for replying.
We jointly own three properties.
My wife and children are in our marital home while I am living in a flat we own the third is an offshore investment we have never seen but as yet generates no income.
We have significant joint savings plus I have again a substantial amount of company shares in a corporate scheme.
I have 25 years service with my employee with a final salary based pension.
We have not separated any finances yet. Approx 55% of my net monthly income goes to our joint account because we want to continue to reduce our mortgage.
I am a little uncomfortable sharing financial specifics in this forum.
Does that help?
Ok, marital home home recently valued at £400k, mortgage balance £140k with 6 yrs left
The flat is valued at £93k with interest only mortgage balance of £63k
My salary is £82k, ex wife is £40k
Shares equate to approx £90k but clearly fluctuates
Joint savings approx £150k
Hope that helps?
Thank you so much, really useful!
One point for clarity - is the 16% per child?