Does anyone know how to work out the average RPI for my increase in maintenance?

suzukibabelynda1972

Please can anyone help?

My annual maintenance increase is supposed to be in line with the average RPI from Oct to Oct. My previous payment was £905, any idea how much it should be now?

My ex husband has come to a figure of £930 but how do I know if he is correct?

Any advice would be hugely appreciated.

Thanks xxxx

elle_gee

I think this is the website they use at work (when looking up RPI for payrise negotiations):-

http://www.statistics.gov.uk/instantfigures.asp

ManAtHome

You may need to dig around in a few weeks time (we'll get the Oct RPI mid-November), but my very rough calculation of average RPI for the last year (so far) is around 4.25% so should be closer to £40 than £25.

Latest I could find quickly was this http://www.moneyextra.com/dictionary/uk-inflation-history-003663.php which is July-July (Aug/Sept this year were both 5%-ish) - the Headline column is RPI, (Underlying is RPIx) - possible that he used the CPI column on the right...?

Savvy_Sue

MOVING THREADS FOR BETTER RESPONSES

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to the Child Support board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

LizzieS_2

I'm not being funny here but if £905 is a monthly figure it is a very high amount - is it really worth arguing over a few pounds?

This appears to be a court order. If it is for child maintenance then after 13 months and a day (I think) either parent can ask the csa to over-rule the court and take over jurisdiction. If the figure is higher than he would pay under the csa, is it worth rocking the boat?

suzukibabelynda1972

Thanks for all your helpful replies. I am scared to challenge the amount as indeed he can go to csa and as he is now self employed no doubt will minipulate the figures in his favour. I know it seems a large amount, but unfortunately I was left with huge debts after my divorce and £15 means a lot to my family. It just hurts so much that he bullied me all through the marriage and now he is still able to have control over me. (Sorry to rant).

kelloggs36

Take the £930 and don't push it is my advice. I say this purely because he is self employed and you may get NOTHING if he is self employed.

caradais

suzukibabelynda1972 wrote: »

Please can anyone help?

My annual maintenance increase is supposed to be in line with the average RPI from Oct to Oct. My previous payment was £905, any idea how much it should be now?

My ex husband has come to a figure of £930 but how do I know if he is correct?

Any advice would be hugely appreciated.

Thanks xxxx

I know this post is quite old now, but for future reference and anyone else reading this the calculation should be for example
RPI @ June 2008 = £ 216.80
RPI @ June 2009 = £ 213.40

(£213.40 - £216.80 / 216.80) = -0.156 x 100 = -1.57%

so (original amount x -1.57%) x number of children is the new amount to be paid (I think!) Any mathematicians out there to verify this?

LizzieS_2

caradais wrote: »

I know this post is quite old now, but for future reference and anyone else reading this the calculation should be for example
RPI @ June 2008 = £ 216.80
RPI @ June 2009 = £ 213.40

(£213.40 - £216.80 / 216.80) = -0.156 x 100 = -1.57%

so (original amount x -1.57%) x number of children is the new amount to be paid (I think!) Any mathematicians out there to verify this?

If you multiply a minus, it goes down when it should in fact go up.

caradais

LizzieS wrote: »

If you multiply a minus, it goes down when it should in fact go up.

Yes, so maintenance would therefore go down this year by 1.57 % instead of up if inflation is down, surely?

Blob

They anounced on the radio that the RPI is 1.5, you might like to look at the KPI as a more accurate indercatior!