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Include dividends in CMS calculations.

55 replies

CMSdividend · 26/03/2021 10:16

Hi, have n/c as ex knows old username and posting in AIBU for traffic.

I'm trying to get some evidence together of parents that have evaded supporting their children financially through setting up as limited companies, paying themselves minimum wage and claiming the rest of his income dividends. His company (of which he is the only employee) made a £50k+ profit last year.
My ex has just done this, was earning £50k+, I was receiving approx £650 per month. Now it's gone down to £34 a week. I'm going to have to sell the house, of which he'll also receive 30% of the £250k equity. I am not eligible for a mortgage.
I know I can appeal and will, but my appeal is likely to be unsuccessful. I have searched the .gov website for petitions and can't find one.
So, before I launch into campaign mode I'd like to know how many others on here this affects and whether you would help support a campaign if I was to start one?

OP posts:
CMSdividend · 26/03/2021 12:39

No dividends were declared as far as I can. He reckons he has spoken to CMS and they wouldn't take his dividends into account but thank you @ChorltonWheelie for that link. I'm going to have more of a delve into the web. I don't understand if dividends are taken into account for most things (mortgage, credit card applications, tax credits) why are they not for CMS?

OP posts:
Travellor · 26/03/2021 12:25

One caveat; has the company declared a dividend! If not, there is no income to report to HMRC.

Tinydinosaur · 26/03/2021 12:18

I don't believe for a second that he doesn't have to pay CMS on dividends, it's taxable income. He just hasn't declared it to CMS. And if he hasn't declared it to the taxman either then he's in for a world of shit.

CMSdividend · 26/03/2021 11:55

Anyone?

OP posts: