DAD.info
Forum - Ask questions. Get answers.
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

Notifications
Clear all

[Solved] variations

 
(@Shunted)
New Member Registered

hi, will keep as short as poss:

Case opened in July 2018 and annual review due July 2019.
Payments calculated using HMRC P60 info from 2017/18. I applied for a recalculation as no longer in that job and current income now greater than 25% less. Calculation approved and payments adjusted and I have to provide continued evidence of the lower income until July 2019.

My Q is: I have the chance of overtime at work before the end of the financial year, that overtime might only be a few hundred pounds but it will make my 2018/19 HMRC figure only 24% less than the 2017/18 HMRC figure. Will the CMS look at my HMRC figures from the two years and say...Hey, wait that's not 25% less anymore and then recalculate and backdate my maintenance payments???

Thanks for any help offered.

Quote
Topic starter Posted : 22/02/2019 7:37 pm
(@hrabbit)
Estimable Member Registered

My feeling is yes, same happened with me. So you will pay more next year and backdated from last.

However, as CMS seems to not be an exact science and make bizarre decisions and contradict themselves, I cannot be sure that will be their approach!

My suggestion is dont take the overtime and stick to over 25% differential.

ReplyQuote
Posted : 22/02/2019 7:50 pm
Shunted and Shunted reacted
(@Shunted)
New Member Registered

Yeah, that's my gut feeling on it too. It would be nice to grab a bit of overtime but the money in hand for that would be dwarfed by any backdated payment calculation.

ReplyQuote
Topic starter Posted : 22/02/2019 9:09 pm
(@Yoda94)
Estimable Member Registered

If it’s only a
Couple of hundred pounds I can’t see this affecting things.

As long as your end of year tax figure is within 25% of your current assessment, then this will not matter.

Sign up for a government tax account to control
Your income through pensions constributions.

That’s how I done it, and year on year my income increases by about 20%

ReplyQuote
Posted : 26/02/2019 4:30 pm
Share:

Pin It on Pinterest