I just did a theoretical calculation, thats f*** all! (as a percentage of income) Really shocked with that.
That is bollox. We all know how the CSA and Women, in general, can screw over the ex-husband. How come nothing changes when the ex-wife gets re-married and suddenly has income, nothing..
BTW, before you ask, I am happily married for the first time of askinbg and for 19 years.. When I say happy, she now wants the laptop and or the remote as I am watching Palarse and on NSC!
in general i dont agree,
if ex wife gets married/has career/wins lottery etc does not stop the father paying maintenance for the upbringing of their child
Beginning to make a bit more sense guys cheers
Are you trying to decieve / disguise income?
If you are Self Employed HMRC will ask you to complete a Self Assessment [SA] each year to disclose your income -they use this to confirm you have paid correcy PAYE and NI.
I would expect the CSA to base their calcs on your SA return.
If you submit a fradulent SA [and get caught] CSA will be the least of your worries.
May still be relevant: Form a ltd Company with you as the only shareholder. Have all your income paid to this company. Then withdraw just enough each week as a salary to envoke a minor payment of NIC. Take the rest of the money needed to live on and declare a dividend from the company to the shareholder to cover it. Pay the dividend tax to the HMRC. CSA will then attempt to take monies from EARNED INCOME as UNEARNED INCOME (DIVIDENDS) are not classified as salary. May Help.
But you should really then come to an agreement to pay your wife what she really needs eh.
Was wandering if anyone on here knows about ways of being self employed and working for just one company,reason I'm asking is my ex partner and mother of my child after 5 years of paying her maintenance.has now decided to get the CSA involved...!so obviously I don't want to pay what the CSA want,they don't take into account my mortgage or any outgoings,any advice would be helpful
No, the rule is you pay what the CSA say. That is the amount you should pay.
Wouldn't the CSA assess you on all income, be it through wages or dividends? If so, it wouldn't make much difference unless you are to give yourself a cut in take home pay.
Are you office based? If so what you are suggesting sounds like a Friday to Monday arrangement, which the HMRC are quite hot on so you would stand a good chance of coming under IR35.
Also, remember you would lose paid holiday and other benefits.