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
Apologies if this has been covered in a previous topic of discussion. In short my review letter stated that I income was (appox) £4,000 more than stated on my P60. On further investigation it transpires that HMRC add your P11D benefits to you annual salary to calculate the tax you owe.
This, at least, cleared up the mystery surrounding my apparent pay rise but my questions are these:
What P11D benefits do the CMS deduct when calculating your new weekly payments?
I have a company car to be able to do my job but should this be included or deducted in my maintenance calculations?
I called the CSA earlier and the people I spoke to were unsure and just advised me to send in a copy of my P60 & P11D for them to look at.
I think the simple answer is that maintenance will be calculated on the salary figure that the HMRC consider to be taxable, so your P11D benefits will be added in. If you are given a benefit in kind, and you are taxed on it, then you'll be assessed for maintenance on it as well.
There is a lot of financial sense in increasing your pension payments now within reason, and if you can afford to do so - partly because pensions payments in early years attract a greater investment income because they will have been invested for longer, but also you get the extra boost that it you don't pay maintenance on the pomey going into pension, so that effectively boosts your pension even more at no additional cost to you.
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.