The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

dividends: why ARE'NT they included as income?

  • Lady in Blue
  • Lady in Blue's Avatar
  • Platinum Member
  • Platinum Member
More
31 Jul 10 #217046 by Lady in Blue
Reply from Lady in Blue
Unless the rules have changed in the last 18 months or so, the CSA advised me that my x's income including dividends would be used for calculating payments.

They would have asked him for his self assessment papers from the Inland Revenue.

This is assuming that your stbx pays himself a low salary and the rest in dividends to save N.I contributions?

  • jamais
  • jamais's Avatar Posted by
  • Elite Member
  • Elite Member
More
31 Jul 10 #217050 by jamais
Reply from jamais
hi lady, no, he works to get a salary from an employer and separately receives a large dividend from the family company (which he does no work for at all).

The CSA have only included his salary in the calculation.

I shall look into the variation :) : thanks both LIB and Dadanon.

  • natashaarmstrong
  • natashaarmstrong's Avatar
  • Premium Member
  • Premium Member
More
06 Aug 10 #217988 by natashaarmstrong
Reply from natashaarmstrong
Hi

i also do not understand why CSA do not include dividends or rental income stbx has.

stbx has claimed he earns £5,400 per annum, , which the CSA have used to calulate the maintenance for our 3 children.

However, he draws 2 rental incomes of £700 and £1200, by renting out his business garage to a car dealer and the £700 is stbx business (also 2nd hand car dealer) paying himself a rent (he is the only employee in his business). Also dividends of £10,500 per annum.

As you can see he is clearly 'taking home' more than his reported £475 a week.

I have completed a variation form, with proof of his extravagant lifestyle, so fingers crossed the CSA will see that the £38 a week I receive for our 3 children is pathetic.

Nat

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.