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Hi..newbie here. I have a question around notional income/ assets and CMS calculation it’s is my understanding that my ex can request a variation on the calculation asking for any additional assets of mine to be considered. Long story short I have approx 100k in assets which are split over cash isa, stocks isa, premium bonds and a fixed rate bond. Am gonna be using the money to buy a bigger place for me and the kids when the times right.am in a shoebox right now!..😫
Are these assets assessed collectively or individually?. As only one of the assets is above the £31250 threshold. Understand i have to pay 8% on any assets above that limit. And obviously it’s a lot more money if the full 100k (minus £31250) of assets is subject to the 8%
appreciate any info
thanks
hi,
am not sure on this. the assets may be taken into account collectively, and 8% charge applied. I recommend you join this this support group for paying parents:
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