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Diversion of Income...
 
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Diversion of Income - LTD business


Posts: 1
Registered
Topic starter
(@fatherof1)
New Member
Joined: 9 months ago

Preparing to go self employed, the business should be making around £60,000 annually. My Partner and I both paying ourselves through dividends. My question is, at what point would the CMS view this as a diversion of income? say if I took a total of £25,000 of wages/dividends and declared them both to the CMS and my partner took £35,000 would that be viewed as a diversion? would be better taking half and half or will ANYTHING she takes be viewed as diversion? there is next to no info, guidelines online about this just appears to be a threat from CMS FIU that if they THINK you are diverting then you are, but what is the threshold?

TIA

2 Replies
Posts: 5382
(@dadmod2)
Illustrious Member
Joined: 6 years ago

hi,

outcomes vary. heres a doc on how they make decisions about diversion of income:

https://www.voiceofthechild.org.uk/wp-content/uploads/2017/11/Diversion-of-Income.pdf

I recommend you join this support group for paying parents. quite a few members have been investigated by FIU:

https://www.facebook.com/share/rgVEZeV68WiDBASh/

 

 

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Posts: 1
Registered
(@leglby3yo)
New Member
Joined: 4 months ago

wow

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