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This might be a quick one to answer, but can't seem to find the answer on google!
So I currently pay £342 per month to my ex wife, for child maintenance for my 6 year old. I work full time, decent salary, no issues whatsoever.
However, my partner and I are looking at starting our own company. She'd be running it and i'd potentially be on the "board" as a director. My question is this - how would this affect child maintenance? Is my ex wife entitled to any income I receive from the new company? Because any money I receive would be in the form of dividends wouldn't it?
Just to be clear, i'm not trying to avoid any additional child payments, I just wanted to know what she's entitled to and what she's not.
Thanks!
To be honest, I'm not sure. CM is not my area of expertise. However, if it's income, it's usually eligible to be liable in calculations.
Hopefully someone with more knowledge in this area will answer or you could always phone the CMO helpline to ask this information as a general question.
Thanks Yoda!
Hello mcscoobs
If you have your own agreement in place, in the form of a family-based arrangement, it is up to the two of you to decide on the amount you pay and what is taken into consideration. There are no set rules which you have to follow.
However, if you have a statutory arrangement in place or you want to use the statutory rules to work out your agreement, all taxable income should be taken into account.
You can view detailed information about how the Child Maintenance Service work out their calculations here, https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/325219/how-we-work-out-child-maintenance.pdf
If you would like any information about the options available for setting up a maintenance arrangement and to receive a more personalised service, you can contact Child Maintenance Options directly, http://www.cmoptions.org
The Department for Work and Pensions (DWP) have a website, ‘Sorting out separation’. It aims to make it much easier for separating and separated parents (and childless couples) to find the support they need, when and where they need it, and encourages them to collaborate on a range of issues. The link is https://www.sortingoutseparation.org.uk/
Regards
William
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