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Hi I wonder if you can help.
I am 59 and am going to retire and live off my savings and pension, the 2 children I pay maintenance for are 7 and 8 years old. Do I still have to pay child maintenance once I stop working.
Thanks
Hi there
I’m sorry, this isn’t my area of knowledge, but if you put your question to Samantha, our finance moderator, she may be able to advise you, heres a link to her thread, just post your question there and she will get back to you.
https://www.dad.info/forum/finance/50253-ask-your-finance-questions-here
Hello andy2693
Child maintenance is calculated based on a paying parent’s gross taxable income (before tax and national insurance is deducted, but after any pension contributions are taken off), or any benefits they receive. With this in mind, it is possible you may still be entitled to pay child maintenance once you have retired.
In cases where there is an agreement set up between both parents directly (known as a family-based arrangement), there are no set rules to follow as it is not legally binding. If you have this type of agreement in place with your children’s other parent, you can decide between yourselves whether child maintenance is still payable, and if so, the amount to be paid.
The Child Maintenance Options website has an Online calculator, which can be used to find out whether child maintenance is payable, and if so, an estimation along the Government's guidelines of the amount that is to be paid.
Any agreements that are set up through a Government’s statutory scheme (either the Child Support Agency or the Child Maintenance Service), they would need to be informed of any changes to a paying parent’s circumstances. They will then be able to let parents know whether child maintenance is still applicable. If you have a statutory case in place, the contact details for the organisation managing your case can usually be found on any letters they have sent you.
If you have a court arrangement in place for child maintenance, you will need to refer back to the documentation of this order for the terms and conditions. If this is not clear, you may wish to seek legal advice.
For a more personalised response, you may wish to contact Child Maintenance Options directly at http://www.cmoptions.org.
The Department for Work and Pensions (DWP) have a website, 'Sorting out Separation'. It aims to make it much easier for separating and separated parents (and childless couples) to find the support they need, when and where they need it, and encourages them to collaborate on a range of issues. The link is https://www.sortingoutseparation.org.uk/.
Regards
William
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