Reply to: Work, Life Balance....

[Andyw]

she is - with a huuuge rack ...

Makes now difference ! mine was too ! useless cow !

[kramer]

are you lookin forward to a single life of hookers and strip clubs?

[ratewhore]

she is - with a huuuge rack ...

[expat]

I see your method here but it wont fool the judge. I bet her lawyer has mate you out to be an ogre and already the judge will hate your guts without even meeting you. He will see through your plan and even though you have reduced the savings, (and increasing your income tax burden) he will be made aware of your earnings potential and set a figure based on that. The best thing is to agree with whatever the kurb crawler says and then fiddle it through the CSA as they have the power to overturn court decisions. Dont throw too much money at lawyers though as it's dead money and wont make any diff to the outcome.

It might be best if your lawyer were female.

[Andyw]

Thats not the advice I've been given - but then, I'm not in court til next month. As my ex wants a chunk of the cash in the business, I've been working part time to reduce it, and , to be fair, I've been pretty successful in doing that. Part time work has also suited my work-life balance, which is where this thread started.

In terms of turnover, the advice I've been give is that, as turnover is not guaranteed (as is the case with inheritance for example), it cannot be taken into account.

Trouble with the courts of course, is it all depends on the mood of the judge. Time will tell...

I see your method here but it wont fool the judge. I bet her lawyer has mate you out to be an ogre and already the judge will hate your guts without even meeting you. He will see through your plan and even though you have reduced the savings, (and increasing your income tax burden) he will be made aware of your earnings potential and set a figure based on that. The best thing is to agree with whatever the kurb crawler says and then fiddle it through the CSA as they have the power to overturn court decisions. Dont throw too much money at lawyers though as it's dead money and wont make any diff to the outcome.

[ratewhore]

A divorce lawyer and judge will take into account the ltd total turnover (which is a joke) and assess your payments on that, whereas the CSA will base it on paye and dividends.

Been there done that.

Thats not the advice I've been given - but then, I'm not in court til next month. As my ex wants a chunk of the cash in the business, I've been working part time to reduce it, and , to be fair, I've been pretty successful in doing that. Part time work has also suited my work-life balance, which is where this thread started.

In terms of turnover, the advice I've been give is that, as turnover is not guaranteed (as is the case with inheritance for example), it cannot be taken into account.

Trouble with the courts of course, is it all depends on the mood of the judge. Time will tell...

[Andyw]

RateHo - if you have a Ltd Co and retain most of the funds in the Co until you pay yourself a big dividend, will that still count towards CSA & divorce payments?

A divorce lawyer and judge will take into account the ltd total turnover (which is a joke) and assess your payments on that, whereas the CSA will base it on paye and dividends.

Been there done that.

[ChimpMaster]

RateHo - if you have a Ltd Co and retain most of the funds in the Co until you pay yourself a big dividend, will that still count towards CSA & divorce payments?

[ratewhore]

aye

[kramer]

did you say you were in the middle of a divorce?

[ratewhore]

oooer ! CSA bills ?

Another good reason not to maximise turnover

[Andyw]

Nope, need to stay in the UK as thats where the kids are (with their mum)...

oooer ! CSA bills ?

[ratewhore]

Nope, need to stay in the UK as thats where the kids are (with their mum)...

[Andyw]

Yes and no. No mortgage certainly, but then, I rent Mid 30's on good contract where I've made a lifestyle choice rather than a choice to cane it and maximise turnover by working every day god sends...

Like I say, it's whatever you want it to be.

Nice one ! are you intending to move out of the UK ?

[ratewhore]

Yes and no. No mortgage certainly, but then, I rent Mid 30's on good contract where I've made a lifestyle choice rather than a choice to cane it and maximise turnover by working every day god sends...

Like I say, it's whatever you want it to be.