Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Anyone know how to work out divided? For Child Maintenance calculation

3 replies

Mumneedshelp2019 · 28/02/2019 14:23

I have just got off the phone to the child maintenance company who are currently working out what I am owed by my childs father as his regular maintenance payments. My Sons father is self - employed and has a registered limited company. He has avoided paying me for years, another than the sporadic payment here and there. When I was with the Child support agency they worked out his regular maintenance from his limited company it turned out to be a minuscule amount which increased significantly after they re-looked at the accounts and worked out what he was paying himself through the dividend. He never engaged with child support and never paid.

Now I am with the new Child Maintenance service he has started engaging with them and they are recalculating his regular payments but are telling me I have to work out what the dividend is and if this needs to be adjust which I suspect it will be? Does anyone have any idea how I would go about working out the dividend on a limited company? Any advice would be very much appreciated! Many thanks :)

OP posts:
Usermynamenow · 28/02/2019 14:39

I don’t know about working out the dividend amount, sorry, but your maintenance amount should be quite close to the amount the old CSA calculated.

I know for some people moving from CSA to CMS maintenance increased, in my case the maintenance went down by about 18% with the move to CMS.
Good luck.

DustyDoorframes · 28/02/2019 15:12

Surely the dividend is at his discretion?? So how can you know? Other than by looking at the company accounts, which they can look at too?

TalkinPeece · 28/02/2019 16:52

they need to ask for his SA302 which is the calculation summary of his tax return and will show all of the income (salary and dividends) he has extracted from the company.

Its a criminal offence to falsfy it Smile

New posts on this thread. Refresh page