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[Solved] Nest and CMS

Active Member Registered

If I make further contributions instead of 1% using online payment will CMS take these further payments in account when it comes to my review. Thanks

Topic starter Posted : 12/09/2017 4:54 pm
Estimable Member Registered

I was thinking something similar to yourself

When I sorted my csa claim out earlier this year, they told me that they take into account your total pay including tax and NI, but ' after ' pension contributions- so I guess that's a yes.
I think they will make the adjustment when they review it. And I think they make other amendments at + or - 25 % and over if you tell them by calling them
Small adjustments will be made at review

What I wanted to know, is what the maximum pension contribution csa will be ok with

Posted : 12/09/2017 8:10 pm
Eminent Member Registered

There is a limit of £40k for tax but no set limit for cms.

Will depend on age, circumstances and % contribution.

I can't imagine 1% would be an issue but larger could be seen as trying to dispose of income.

Posted : 12/09/2017 8:44 pm
Active Member Registered

If i made payment to nest online for £200 a month would CMS know this or would i need to tell them. My employer will only match 1% so I need to put more away then 1%

Topic starter Posted : 12/09/2017 8:52 pm
Reputable Member Registered

I'm not an expert, but I doubt that the CMS would take any issue with whatever percentage of pension contribution you decide to make. That being said, I wouldn't make a massive pension contribution just to get back at your ex, it's childish and will backfire at you, but it does make sense to make sensible pension contributions because you do need to look after yourself. Some say we should all be saving 15% into a pension.

I'm pretty sure CMS won't know about nest payments, perhaps they will adjust the value if you tell them, but I imagine that most likely you will need to file a tax return where the pension contributions will be deducted from income. CMS should then pick up the change in the next review using data from HMRC.

Posted : 12/09/2017 10:26 pm
Illustrious Member

The pension company may well tell HMRC, but if it's a reasonable proportion of income (and the article from superprouddad is a good piece of evidence that 15% is reasonable), then CMS should reduce your maintenance payments accordingly.

Posted : 14/09/2017 12:27 am

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