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I guess what has happened is that your ex has appealed on grounds of diverted income, where you have kept the money in the company rather than to pay it to yourself and expose yourself to higher CM payments(that will be their thoughts).
So if you for instance received 100K income and paid yourself 50K they consider there was another 50K that you could have paid yourself and they have made a subjective award based on that.
I was appealed on the same grounds. Only thing to mitigate is to put more into pension (but that should only be about 15% of gross I believe) and to pay yourself more, leaving less in the company so they do not consider it excessive. You are allowed some surplus cash I believe.
But guessing this is all too late now and looks like the decision is made. Perhaps consider what you do ready for next years review, so you are not so exposed. Sorry not much help, only confirming what you already know.
when i first signed up with CMS. they wrote to me and ex that they checked tax record last year and my income was Zero, so I have nothing to pay LOL. Rang them up and sorted it. all i had was 0 salary and £22k for dividend. so maintenance was worked out on dividend figure. this time round i will have both a salary figure, and dividends for whatever amount I withdraw from company. just have to make sure CMS take both figures into account so someone doesnt give me trouble.
So recap did you leave the dividends within the company or take and put into your account?
i'm done with contract work and limited company. told accountant to close down company. will likely do regular self-employed work and just do self assessments every year.
Thank You
The reason I asked was that I leave within and donot touch but also have pension so good advise, regarding before end of year.
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