A Message For Non-Resident Parents Subject To A Child Support Agency Order
A Message For Non-Resident Parents Subject To A Child Support Agency Order
At current rates of interest any saver with a no-risk investment will be lucky to get a return of 4 per cent per annum - and even to achieve that the money would most probably need to be locked into a three- or four-year bond.But parents living apart from their children (which in most cases means fathers) will be surprised to hear that according to the Child Support Agency they are obtaining a return of 8 per cent from savings or other capital-producing investments worth more than 65,000, when estimating their 'wealth' for the purposes of calculating maintenance payments. And while there are exceptions to the above, the way the rules are drawn up is so complicated that working them out requires a fair degree of mathematical ability. No wonder so many affected fathers throw up their hands in despair and decline to exercise their right of appeal.The above assets do not include the house in which the separated person lives, but should the CSA (through the Child Maintenance and Enforcement Commission) deem that he (and it usually is a "he") has failed, and is continuing to fail, to pay child support maintenance, they can prevent any planned sale or transfer of the property going through.Now life for non-resident parents is, potentially, about to get worse. In recent years, the level of a non-resident parent's income being payable for maintenance was calculated on the following basis: 15 per cent for one child, 20pc for two children and 25pc for three or more children. It has also been possible for parents to apply for departures from the assessment based on the amount of time they spend with the children, payments towards a joint mortgage and other factors. There are, however, a number of changes which will shortly be coming into force under a phased introduction from this month. The precise dates when these changes are to be made are not yet clear. Although the percentages for each child are being reduced, these will now be calculated on gross income (i.e. the amount paid by an employer before tax) rather than, as at present, the net income (i.e. take-home pay). The proportions will be 12pc, 16pc and 19pc for someone earning less than 800 a week, and 9pc, 12pc and 16pc if the salary or wage is above that amount. Effectively, however, every wage-earning non-resident parent will have to pay more.If a non-resident parent earns less than 800 a week but has built up a substantial pension pot (or owns a heritable asset such as property) then the latter may also be taken into account when assessing liability for maintenance payment.As a result of the issues stated above, assets and income are something of a "balancing act" for non-resident parents subject to child maintenance orders. They therefore need to think very carefully about which assets they wish to take with them in any divorce settlement. Just as many people frequently juggle capital and income for taxation purposes, so it is right and proper that non-resident parents take the same approach in respect of child maintenance liabilities. Few non-resident parents wish to deny their children the necessities and comforts of life but equally they have a right to ensure they are not subject to excessive compulsory payments by the authorities as a result of avoidable "over-assessment" Anxiety Free Child Program Torrent How to treat a kid who steals How to Find Christian Help Options for Struggling Teenagers Different Occasions for Kids Party Anat Baniel Says "Do Not Praise Your Child"...Here's Why Parents Beware! Your childrens are unsafe! The Best and Worst Pets for Your Kids Grownup Footie Pajamas - Reliving Our Childhoods One &quotGood; Evening" at a Time Make Your Child Safe With Baby Travel Products How to enforce parents to support their children Kids Birthday Party: Noble Way Of Motivating Kids OCD Children, what are the signs? How to Get Online Information about Struggling Teenagers Summer Camps in Alabama