TOPIC: Annual Review

Annual Review 1 month 1 week ago #111712

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MWall66 wrote: sorry payments are per month, there was a slip, hope my ex doesn't see, will demand I pay this per week !!!

edited to correct this - worse still, HMRCS could see it :D

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Annual Review 1 month 1 week ago #111713

Hi,

45% of your income?. At what age did you start to make pension contributions?


Don

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Last Edit: by donkwnoles. Reason: typo

Annual Review 1 month 1 week ago #111717

not till I was 50, 54 now, but also based in your available pot

using the freedom of information, that internally CMS staff need to refer to, the scale for acceptable contributions is up to 45%, but 55 and over, can go up to 70%

the judge in the cases that are referred to, used as other factors, "age started contributions, ag now, when reasonably expect to retire, health"

there is also a further scale the CMS are to use, which is the percentage of your salary you expect to have in your pot when you retire, as a percentage of your present salary, the "moneywise" pension calculator does all the work and will tell you the expected annual pension and any shortfall

I am not trying to get out of paying for my son, but the ex, with her new partner has stopped me seeing him and frankly, I am sick of subsidising their lifestyle, I will still be paying over £300 per month for one child

CMS bring it on!

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Annual Review 1 month 1 week ago #111718

very true ha ha, I am becoming increasingly paranoid

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Annual Review 1 month 1 week ago #111720

Thanks. Good information. Especially the percentage of salary you want to have. I hadn't consider that.

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Annual Review 1 month 1 week ago #111722

no worries, the freedom of information info is really good, I am sure that CMS would rather not have to share this, another poster increased to 36% with no questions asked, but I have got my facts ready, in case I get yet another man hating and non-resident parent hater on the phone, when I contact the CMS, as I generally do, assuming all fathers are trying not to pay etc

Regulation 71, 2012/2677 Child Support Maintenance Calculation Regulations 2012, deals with the issue of "diversion of income", in case your ex disputes, or applies for a variation, or if you just get a person at the CMS with an attitude

Case Law, DW v Child Maintenance and Enforcement Commission and (CSM) 19-02-2010, in case you want a bit of light reading
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Annual Review 1 month 1 week ago #111724

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Thank you - copied to its own sticky topic :)

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I am not qualified and any information given should be checked with a professional.

Whatever your situation Zoom counselling with qualified counsellors can help. You might like to be in touch for your secondary school aged children, or it could be you need support for yourself. To find out about costs or whether you qualify for funding (for example if you are on a low income or benefits) leave your details on this link and we will be in touch:

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Annual Review 1 month 4 days ago #111903

Hi, just on this pension note, forgive me but I can't find the information on what is "acceptable" by the CMS. Would 20% (38 year old) inappropriate? Thanks.

For info: The P60 that I assume the CMS are going to use to calculate my payments is overinflated by about 20% as I was hammering overtime the last financial year in order to pay off a massive bill (and bills of my ex-partner). The next P60 (and the ones after that) will show a drop in salary by 15-20%, I think (but I'm still not sure so please please clarify if you can!) this drop will NOT be taken into account as it isn't a "25%" drop?

I'm considering a pension increase to rebalance what would be an unfair assessment, I'm not trying to scam or cheat anyone. Thanks again

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Annual Review 1 month 4 days ago #111904

Just a question regarding the freedom of information info:

An example of information to be taken into account is does the paying parent:
• have lower than 12% pensions contributions been paid by the non-resident parent in the past?

I presume that if the parent has been paying very low contributions historically then this is seen as a justification to have contributions at 12% or higher in the year preceding a CMS assessment?

Or is it the opposite? Is lower contributions in the past and an increase to 12% (or higher) in that year seen as suspicious?

I've been contributing very little before this year (5%) and this financial year increased to 12%. I'm considering increasing contributions further before the year end (in order to offset an unusually large amount of overtime worked, not just as a means to avoid paying what's fair).

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Annual Review 1 month 4 days ago #111924

Hi Bruce out, I wouldn't get too much into the detail of the 12% paid prior, the case worker will be working on their own internal process, so you will argue that you have historically paid little into a pension for financial reasons, however, you have recently been thinking hard about later life and looking at all the information available, I would go onto one of the any on line pension calculators and put in our present salary, it will ask your what is in your pot, how much you are able to pay in and at the end, will tell you the anticipated shortfall, a further reason for CMS to accept

what is your age, this will have a big impact on what is acceptable, as well age you expect to retire, which was laid down in the relevant case law and the FSA acceptable percentage of contributions that the CMS will be working to

if you are 45 for example, with limited pot, it maybe acceptable up to 30%

I would only concentrate on the massive detail, if a variation was requested by the ex

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Annual Review 1 month 4 days ago #111926

sorry mate, seen your age in an earlier post, FSA guidelines say 35 -40 acceptable rate is 16-22%, based on not been paying contributions for long, or small pot

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