[Solved] Shares

That's something I haven't come across before, so I can't answer your question. However, Samantha, our financial Moderator may be able to advise you, here's a link to her thread

https://www.dad.info/forum/finance/50253-ask-your-finance-questions-here

Hello Mr X

Child maintenance is calculated using the gross income of the paying parent minus any pension contributions. Any income received by the paying parent which is taxable should be included in the calculation for child maintenance.

Child Maintenance Options do have information on their website at http://www.cmoptions.org, that can help you with a new arrangement or maintain an existing child maintenance arrangement.

If you do have a statutory scheme arrangement with the Child Maintenance Service, they also have a leaflet which explains in detail how they calculate their maintenance payments and you can either view or download and following this link will allow you to do this https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/325219/how-we-work-out-child-maintenance.pdf.

You may also be interested to know 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 http://www.sortingoutseparation.org.uk/

For more information, and for a more personalised service, you may wish to visit the Child Maintenance Options website yourself.

Regards

William

From what I understand Child Maintenance is based upon your P60 and, accordingly, the income you pay income tax upon,
So money earned from selling shares (under the captial gains tax threshold) don't have to be used in your CM calculations.
Also including share dividends payments in Child Maintenance calculations is not necessary.

This is in essence the same as an inheritance or lottery win

This assumes that you have a main income for which you pay income tax on.

Worth asking Samantha Downes, but are these shares declared on a P11 as a taxable benefit? If so, then I think that will be included in the calculation. Certainly, if you sell the shares, then that would be taxable, and I'm pretty sure that would also be included - I think, even though it's under the capital tax threshold, it's still taxable income (just because you don't actually pay tax, doesn't mean it's not classed as taxable income). You could put the money from the shares into a pension which will then effectively take them out of the taxable income, and I'm not sure what would happen if you then cashed the pension in at age 55 or over, with respect to CMS liability - you would need to take professional financial advice on this to make sure.