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
do they also take other peoples wages into account
@patrick1986 generally they don't, unless they have reason to believe that something dodgy is going on, like a director employs his partner, and she does not do any work. just a set up to pay less tax/maintenance etc.
Hello Mike.
hope you ok, how,s things?
Thought would update you as CMS called this morning after nothing for months.
They are going to treat my RSUs(like shares but not quite) as assets rather than income. So they will not assess me on them but if my ex asks for a variation in April(which she will) they will assess me on them then.
So kicks the van down the road really, but there is a chance I may escape if she doesn’t ask for the relevant variation.
cheers
Have question in terms of Unearned Income. Had Salary from my Limited Company, then obviously Stop Paying Myself and Start to work for NHS for way less money. Then CM change Payment from 500 to 200 £ but I pay for myself Dividends. My Ex ask Child Maintenance to check for Additional Income.
NOW.
1. For how long this will affect my Monthly Payment if I took Dividends ? They will brake down that Dividend and add to current amount (From NHS?)
2. If I have Limited C. And Quite Big amount of many in Business Account. Stop Paying Dividends (As will increase Monthly amount of CM?). Paying myself lowest salary until I will take all of the money from Business Account ?
3. How to use Those Money in Business Account for my own purposes without changing Monthly amount of Child Maintenance ?
4. Lets say. Can I buy for example Car from my Business Account Money and then sell a car after 12 months but Money from Car Can I receive in my Private Account ? Does this will affect Child Maintenance ?
Have question in terms of Unearned Income. Had Salary from my Limited Company, then obviously Stop Paying Myself and Start to work for NHS for way less money. Then CM change Payment from 500 to 200 £ but I pay for myself Dividends. My Ex ask Child Maintenance to check for Additional Income.
NOW.
1. For how long this will affect my Monthly Payment if I took Dividends ? They will brake down that Dividend and add to current amount (From NHS?)
2. If I have Limited C. And Quite Big amount of many in Business Account. Stop Paying Dividends (As will increase Monthly amount of CM?). Paying myself lowest salary until I will take all of the money from Business Account ?
3. How to use Those Money in Business Account for my own purposes without changing Monthly amount of Child Maintenance ?
4. Lets say. Can I buy for example Car from my Business Account Money and then sell a car after 12 months but Money from Car Can I receive in my Private Account ? Does this will affect Child Maintenance ?
You can purchase a car through your business if it is justified as a business expense (e.g., for work-related travel). However:
- Selling the car later and moving the proceeds into your personal account could be seen as additional income.
- If the car isn’t 100% for business purposes, HMRC and CMS might view this as a personal benefit, and it could impact your CM payments.
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.