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Hi everyone,
I have been paying child maintenance for 2 years now and have never missed a payment. I still pay despite not seeing my son in 15 months (she won’t let me) due to an abusive ex partner. She is currently on bail, the police are 9 months into the investigation and we are closing in on the final stretch.
Last week I recently just set up a Ltd company because my accountant advised me to due to the amount of income I earn.
Do I need to inform the CMS about this situation as I’m sure my income has now changed.
However, my accountant said we can’t provide myself with a wage until the end of tax year in April 2025. Does this mean I technically don’t earn a penny currently as it’s all going into the business and I should tell CMS this? Of course I don’t want to avoid paying anything completely (although it’s tempting to try and get her to let me see my son) as I know my sons livelihood is heavily relied on my support due to my ex not working.
I don’t want to get in trouble by not paying although a lot of people have advised me to.
I currently pay my ex partner £500pm for my 2 year old son through CMS and it is usually reviewed in October / November of each year.
Has anyone experienced creating a Ltd company and what happened? Will CMS change the amount immediately from next month after the report or will I have to wait until I have evidence (April 2025) that I am only paid X-amount through a wage and dividends?
Any help is appreciated, thank you
hi,
you should inform them of LTD company. its likely your payments will stay the same until they see your next tax return in 2025.
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