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
Dont really want to go into much detail here regarding the background but I had a one night stand a couple of years back and turns out I'm the father of the child.
At first everything was OK. I was contributing what I deemed a fair amount (£275/month). I was doing all I could. Then all of a sudden she just turned into a psycho. Tried to use the baby as a weapon to get to me. Stopped me seeing him etc etc. She's an absolute nightmare. Smokes a lot of weed I've found out since. A real nasty piece of work.
Anyway I have a limited company that I pay myself a salary from. I've had it a couple of years and not yet paid my self any dividends from it. The company is 50/50 with my business partner and doing pretty well. I want to stay in control of the money I pay this evil witch, but I'm worried that if I start paying myself dividends will that be considered by the CMS. Oh yes I forgot to add the day she decided that I couldn't see him she went to the CMS straight away in order to get more money.
Will the CMS just take my salary into account? Or take the dividends as well?
And if I pay myself a dividend how would the CMS know about it?
If she never applied for a variation would it just be assessed on the salary that gets paid to me by the limited company?
Any help here would be greatly appreciated as I've had mixed messages so far. This isn't a dodge in any way. I already pay a decent amount a month and what I want to do is pay her a reasonable amount and put the rest away for him when he's older.
Cheers
Hi There,
.
The CMS will work out what you have to pay based on your anual tax return, so what ever you pay yourself whether in a wage or dividens will show up, there aren't really any way to get around this now as it's no longer a case of sending on 3 wage slips, as said they now look at what the inland revenue have on file for you earnings and work it out from there.
.
GTTS
Hello Markwilliams1983,
I have sent you a private message.
Hi GTTS thanks for your reply.
I have spoken with my accountant and also CMS and they have contradicted what you have said. Both said they will look at wages/salary and the calculations will be worked out from there. Unless I tell them about any dividends or she applies for a variation then it will be just salary that is taken into account
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.