A note from your financial adviser
First, I just want to say, if you’re going through this, I’m sorry. Divorce at any age is hard. But when it happens later in life, it comes with a particular kind of weight. You’ve built something together over decades, and now you’re facing the task of unpicking it all. Often, while also trying to figure out what retirement even looks like on your own.
You’re not alone in this. Around 1 in 3 divorces now happen after the age of 50. It’s far more common than people realise. The financial implications are real and significant. Which is exactly why I want to talk you through them openly and honestly.
The financial reality. And why it matters to face it early
On average, people who divorce after 50 see their annual income fall by around £7,753 in the year following separation. With fewer working years left to rebuild, that hit can feel especially hard. More than 200,000 people who divorce after 50 are forced to delay their retirement as a direct result. These aren’t just statistics. They’re real people who had a plan, and suddenly found themselves starting again.
The thing most people overlook: pensions
This is where I really want to help you. Only 25% of people who divorce after 50 include pensions in their settlement discussions. Nearly a third waive their rights to their partner’s pension entirely. Yet just 8% seek financial advice before doing so. Please, before you sign anything, make sure you have obtained professional advice.
Your home, more complicated than it seems
A third of people divorcing after 50 say they’ll need to downsize as a result. For many, the family home is both a financial asset and an emotional one, and the decision about what to do with it. Sell, keep, release equity. It deserves proper thought rather than a rushed decision made under pressure.
What I’d love to help you do
The most important thing right now is that you don’t make any big, irreversible financial decisions on your own or in a hurry. Decisions involving pensions, property, and retirement income are deeply interconnected. Taking a holistic approach can help avoid unintended consequences that affect your standard of living for years to come.
I can help you understand what options you have available. What you’re entitled to and what a fair settlement looks like. But importantly, what your retirement can still look like from here. Because it can still be good. Life genuinely does go on, and with the right plan in place, it can go on well.
Please get in touch. This is exactly what I’m here for.
Did You Know You Can Use Later Life Lending To Stay In Your Home?
As a later life lending broker, one of the most meaningful conversations I have with clients isn’t about mortgage rates or later life lending products.
