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
One to one, or group support for anyone with a financial query...
Hi,
I was just wondering if you could advise if the person I am paying child maintenance to under the CSA, should pay tax on the amount I pay her?
Just in case needed, the amount is around £5k a year.
Hi Darrent
If you have paid tax on the £5k then no it shouldn't be taxed, as acdt has mentioned.
There are some good guides on taxation here:
https://www.moneysavingexpert.com/banking/tax-rates/
https://www.gov.uk/government/publications/rates-and-allowances-income-tax/income-tax-rates-and-allowances-current-and-past
https://www.moneyadviceservice.org.uk/en/articles/tax-and-national-insurance-deductions
Hope that helps.
Also, it's worth me saying, maintenance payments are not tax exempt, they count towards your tax allowance.
Hi Samantha - can I clarify that (especially since I've just posted a couple of other places about this), I was under the impression that child maintenance received isn't assessed as income for tax purposes , eg as advised on here
https://www.citizensadvice.org.uk/family/children-and-young-people/child-maintenance/child-maintenance-where-to-start/
As far as HMRC, this income has already had tax paid on it by the paying parent, so if the PWC was taxed on this, this would be double taxation.
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.