Welcome to the DAD.Info forum: Important Information – open to read:
Our forum aims to provide support and guidance where it can, however we may not always have the answer. The forum is not moderated 24 hours a day, so If you – or someone you know – are being harmed or in immediate danger of being harmed, call the police on 999.
Alternatively, if you are in crisis, please call Samaritans on 116 123.
If you are worried about you or someone you know is at risk of harm, please click here: How we can help
You are spot on...
But you don't get "back" the Tax and NI - as I understand it, the Tax and NI are added to the pension pot for you - so last year I paid £4000 odd in pension, and the GOVT made it up to about £4800 or so....
So yes, kinda I will get it back.... the pain is in the immediate now... So if I got a bonus of £4000 then I'm going to pay 40% tax on it, 11% NI (Is that right or will it be a lower rate ???) - so I'm left with £1900 thereabouts..... If I paid £1500 of it in Pension, then I'm left with £400 from a £4k bonus!!!
My fear is I will tell CMS, they will do their usual, average it over 2 months and go - "wayhey, you're new salary is £1400 a week (which of course it really really isn't) - your maintenance has gone up to £960 a month!!!! So well over double!!
What I intend to do is not pay ANY pension on the bonus, put it all into a savings account (what's left after tax and NI) and then pay big pension contributions the next 3 months - tell CMS of the bonus as soon as I get it, then IF they are idiots and whack up the maintenance to double or triple what it is now, at least I only have to pay it for 2 months before I can put in a salary 25% REDUCTION (because if I go from "Earning 6k a month" back to a normal salary of £3500 a month it will have easily crossed that 25% drop threshold) - then hopefully I will only have paid excessive maintenance for 2 months.... Plus I will appeal a silly increase.
I don't mind paying a sensible amount - I have earned the money so if they hit me with say another £40 a month for the rest of the year, I won't care, that will be fine and I'll just pay it.
Welcome to the DAD.info forum.
We don’t like to set ‘rules’, but to make sure that you and the other dads are kept safe, we have some requests. When engaging with the forum, please be aware of the following:
- The forum is not moderated 24 hours per day.
- Many of the moderators do so on a voluntary basis. Whilst they may be able to provide some guidance, advice or support, they may not be able to deal with specifics.
- We are not an emergency crisis service so if you or someone else is in immediate danger, please call emergency services.
- If you are concerned about the safety of a child, please click here to find the support you can get for them (link to new page)
- If you are in crisis, please call Samaritans on 116 123. They are open 24 hours a day, 7 days per week.
We hope you find this forum a supportive environment and thank you for joining us.