Hi, to cut a long story short I'm after advice from anyone who's a Director of a Ltd Company and has experience of either the CSA or an ex that's being difficult.
I've always worked hard, never missed a days work, never sponged etc. I've recently sold the shares in my business and have now finished the hand over period, now I'm a free man. I'm taking some time off until something comes along. The proceeds from the sale have gone into my holding company (Ltd) which now has cash and a property, this is totally owned by myself and my wife.
I've got 2 kids by a long ago relationship, my ex is playing games and is stopping me from seeing them, brainwashing them with all sorts of lies etc. I pay her a good rate which was agreed between us when we split (never married her thank God) plus I sold her the house at a reduced rate in order to have a 'reasonable' chance of seeing my kids. Since I got married married she's made things very difficult, you know the type, jealousy and bitterness are horrible things. I've stuck to paying her what we agreed and have increased it every year as arranged, but now I'm not working or have a regular income - where does that leave me? I don't have a lavish life style, my current income is from savings during my working time but that will soon run out and I'll have to draw dividends to pay the mortgage etc. Myself and my wife (who keeps me together and I love very much) aim to draw a dividend of about £26K / £24K each respectively plus PAYE of around £100 p.w. each to avoid N.I.
The 'ex' is none the wiser at the moment but I don't think it'll take long before she realises I'm not going to work every day, she'll think the money from the sale has gone straight into my pocket. I think she's waiting for the moment to twist the knife and go for more money so I want to be ready when she does. I love my kids and don't want to see them going short, but she's gone out of her way to be unhelpful, it bugs me that I've ended up being a soft touch.
Has anyone had dealings with the CSA?
Has anyone got any advice that might help me?
Is it worth transferring more shares to my wife?
Will my wife's income or dividends be taken into account?
How long does the process take to sort out?
I've heard that they don't take dividend income into account unless the parent with care asks for a 'variation' or if I'm obviously living beyond my means (Ferrari, Maserati etc - I wish!)
I gather that most 'variations' can take years to look into and in most cases the CSA simply can't prove anything, nearly all of them get thrown out.
Any advice would be great, I wish things were easier but I'm at the and of my tether and need help!
Thanks.
I've always worked hard, never missed a days work, never sponged etc. I've recently sold the shares in my business and have now finished the hand over period, now I'm a free man. I'm taking some time off until something comes along. The proceeds from the sale have gone into my holding company (Ltd) which now has cash and a property, this is totally owned by myself and my wife.
I've got 2 kids by a long ago relationship, my ex is playing games and is stopping me from seeing them, brainwashing them with all sorts of lies etc. I pay her a good rate which was agreed between us when we split (never married her thank God) plus I sold her the house at a reduced rate in order to have a 'reasonable' chance of seeing my kids. Since I got married married she's made things very difficult, you know the type, jealousy and bitterness are horrible things. I've stuck to paying her what we agreed and have increased it every year as arranged, but now I'm not working or have a regular income - where does that leave me? I don't have a lavish life style, my current income is from savings during my working time but that will soon run out and I'll have to draw dividends to pay the mortgage etc. Myself and my wife (who keeps me together and I love very much) aim to draw a dividend of about £26K / £24K each respectively plus PAYE of around £100 p.w. each to avoid N.I.
The 'ex' is none the wiser at the moment but I don't think it'll take long before she realises I'm not going to work every day, she'll think the money from the sale has gone straight into my pocket. I think she's waiting for the moment to twist the knife and go for more money so I want to be ready when she does. I love my kids and don't want to see them going short, but she's gone out of her way to be unhelpful, it bugs me that I've ended up being a soft touch.
Has anyone had dealings with the CSA?
Has anyone got any advice that might help me?
Is it worth transferring more shares to my wife?
Will my wife's income or dividends be taken into account?
How long does the process take to sort out?
I've heard that they don't take dividend income into account unless the parent with care asks for a 'variation' or if I'm obviously living beyond my means (Ferrari, Maserati etc - I wish!)
I gather that most 'variations' can take years to look into and in most cases the CSA simply can't prove anything, nearly all of them get thrown out.
Any advice would be great, I wish things were easier but I'm at the and of my tether and need help!
Thanks.
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