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.
 

CSA Payments on Capital

  • James53
  • James53's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
10 Jun 11 #272448 by James53
Topic started by James53
Can somebody tell me how this works. I understand assets have to exceed £60000.
My stupid ex thought that when she divorced me that she would just hide all her assets, not have to pay any CM because of her cash in hand earnings and rip me off for 40% of my assets.
After the divorce from hell because of her and her money grabbing solicitor I am about to get my own back.
The CSA have asked for a copy of the Consent Order which states the share of the assets that my ex will get when overseas assets are sold.
Now the trouble is I don't see these assets being sold any time soon because of the economic climate.
So if on paper my ex has assets worth more than £60000 how do the CSA assess the amount of CM that she should pay.
I was quite prepared to forgo all CM in return for her not trying to take me to the cleaners and her still getting a fair share of the assets but on no, she wanted to break me.
So why should she get away with not paying her share for her kids.

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
11 Jun 11 #272471 by WYSPECIAL
Reply from WYSPECIAL
Can't remember the exact thresholds but if you have an asset which is producing, or is capable of producing, an income CSA will assume that it is generating an income at something ridiculous like 10%pa and trat that income as assessable.

  • James53
  • James53's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
11 Jun 11 #272478 by James53
Reply from James53
Sounds like a catch22. If the asset isn't generating an income and if the ex claims not to be working then you are back at the start again

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
11 Jun 11 #272490 by WYSPECIAL
Reply from WYSPECIAL
If the assett isn't generating an income then CSA will assume that it is and assess on that amount. Their figures are also ridiculous, something like 8-10% per annum! A lot of people would like to know what they could invest in to get that sort of return!

Assessable income doesn't just include earned income. Income from investments, pension payments etc are included too.

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.