A question about : CMS Reviewing Income
I have only just learned of the new system, but as my ex is in arrears I think I will be one of the later ones to move over onto it.
My question is regarding change in pay. As it stands I have had to (snoop) to find out how much my ex is on and whether he is in receipt of extra allowances or bonus' and inform CSA myself. This is following me finding out about a Ј5000 taxable bonus he received in work 9 months later, only for CSA to tell me I should have told them within a month!!
Anyway, because my ex's pay can increase from time to time, and assuming under the new scheme it is 20% for 2 children. How will the new system work with monthly income.
My ex was never forthcoming with his earnings especially if they increased. Is this issue tackled on the new system?
Literally just found out about this so am sure I will have a whole load more questions.
Best answers:
- The new scheme is assessed using HMRC figures - CMS literally just press a button and get the last tax return, and these figures are used for the assessment. The paying parent can dispute this if they are earning 25% more or less of the hmrc amount. They also have to inform CMS if the amount changes by more than that 25% tolerance amount.
Once a year an automatic annual review takes place, where the system will check hmrc figures again and then a new assessment will be put in place using the up-to-date income.
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