CSA deductions for pensions etc

minimoneysaver

NRP is telling me that he is reducing the amount of money that is coming to me because he is paying into a pension fund. Is there a limit on how much money can be put away? The only reason I question it, is because I am now down an absolute fortune and cannot afford to pay for OUR daughters swimming, dance & tutoring etc. The CSA say that they are going to investigate, but I won't hold my breath as it seems to take weeks to get an answer from them. Wouldn't squirreling a large amount of money away be considered depriving yourself of funds or something similar to that? Sorry about all of the questions. Still quite new to all of this

DUTR

The goverment are always telling us to make provision for our future, this often is by way of participating in a pension scheme, how much someone wants to put in, is up to the individual and their circumstance.
CSA2 allows for any amount the individual wishes to to put in, the new cmec system will work on gross pay.
Out of interest, when the NRp is older retired and in need of care will you and the 'girls' then be assisting?

By the way, the sytem allows you to apply for a variation from your award and suggested contributions from the NRP.

13Kent

I believe on CSA 1 half pension contributions are taken into account and added to protected income.

Honest_broker07

agrees with 13kent,

The issue then is for people like me who pay into a pension as part of our contract of employment the CSA still only take 1/2 the contributions into account and asume you can spend the rest as you please --- Some chance !

karenx

minimoneysaver wrote: »

I am now down an absolute fortune and cannot afford to pay for OUR daughters swimming, dance & tutoring etc.

But you are making these choices to send your children there. No-one is forcing you to send them there, if you cant afford it then dont send them! And also thats what child benefit and child tax credits are for- helping to raise your children

Blonde_Bint

Hi op, no mud flinging from me, but i'd say these days the government want us to be putting into our own pensions (we dont because we cant afford to right now) so anyone working probably would heavily encouraged to be putting something in, however, sometimes it could be for some a way of reducing CM by putting too much into a pension so I know what your getting at .

and agree with other poster, right now, swimming and tutoring are perhaps things that will have to be put on a back burner.

eg. my daughters school are having an end of year school trip, 170 quid, well we cant afford it, the school tried to pressure me into paying in installments but we still cant afford it. I saw the head teacher and just explained that its a matter of priorities rent heat and food come first we could pay it but then we would have to take the money from elsewhere, I was annoyed by the school for putting me in this position to be honest, head teacher understands that funds are tight hes desperate that all the kids in the last class go so hes going to get funding to pay for her to go. I feel a bit bad but i'm letting her go because hes pressuring me and she is too, i'm not keen on her going for free. We missed a family wedding because of the expense, did we get understanding from the family no we got it in the neck. Not having much money doesnt bother me too much but outsiders trying to spend what I dont have is really peeing me off :mad:.

sorry op . lol I suppose i'm saying that sometimes we have to cut back just for a bit, not forever just for a bit:)

mitchaa

Can't afford the swimming lessons:rotfl:

How about using the child benefit and child tax credit money for that.:doh:

His pension is far more important than your daughter being able to swim. If not, and swimming is important to her, then YOU cut back on something and spend the child benefit/CTC that you receive to fund this kind of thing. (Isn't this what it is for?)

I've never heard the likes.

As to how much he can put in, If he so wishes he could probably the full whack 100% into his pension fund so he isn't paid. No idea what he would then personally live off mind you.

I just think you need to see HIS point of view. He is planning for his old age and doing the sensible thing, how you can look down on him for doing so is beyond belief and shouting out selfish to me.

Your children will no doubt gain from his death when the time comes so why eat into their inheritance for swimming lessons:eek:

chriszzz

I wont beat about the bush, its all well and good wanting to fulfill our childrens needs but at the end of the day its not life threatening , wont do her any harm to learn that you can not always have what you want and teach her to accept that sometimes mum/dad dont always have the money to fund many activities at one time, you can always giver her quality time with yourself and cosy up watching a dvd of her choice, she will thank you for that when she is older cos your will bond will grow stronger, children always remember what they done with their parents rather than what money you forked out for the things they wanted.

Blonde_Bint

chriszzz wrote: »

I wont beat about the bush, its all well and good wanting to fulfill our childrens needs but at the end of the day its not life threatening , wont do her any harm to learn that you can not always have what you want and teach her to accept that sometimes mum/dad dont always have the money to fund many activities at one time, you can always giver her quality time with yourself and cosy up watching a dvd of her choice, she will thank you for that when she is older cos your will bond will grow stronger, children always remember what they done with their parents rather than what money you forked out for the things they wanted.

Something my daughter has been learning over the past 2 years :rotfl: it has been going down like a lead balloon let me tell you, but I dont feel guilty she's fed and has a roof over her head. I've told her countless times if she dont like it when shes old enough to get a job dont end up like we did. lol. Yes I gave her the when your paying the bills speech you can decide what is bought until then TOUGH:D

I actually think in the long term this stint of living life doing a juggling act, will do her good its certainly making her appreciate the things she had in the past and she is getting better about it now:) Dont feel bad OP your not on your own:)

DUTR

mitchaa wrote: »

Can't afford the swimming lessons:rotfl:

How about using the child benefit and child tax credit money for that.:doh:

His pension is far more important than your daughter being able to swim. If not, and swimming is important to her, then YOU cut back on something and spend the child benefit/CTC that you receive to fund this kind of thing. (Isn't this what it is for?)

I've never heard the likes.

As to how much he can put in, If he so wishes he could probably the full whack 100% into his pension fund so he isn't paid. No idea what he would then personally live off mind you.

I just think you need to see HIS point of view. He is planning for his old age and doing the sensible thing, how you can look down on him for doing so is beyond belief and shouting out selfish to me.

Your children will no doubt gain from his death when the time comes so why eat into their inheritance for swimming lessons:eek:

Not if they are specifically excluded in his last testament will they won't be. :eek:

chriszzz

Seriously I think children benefit far better having a a good relationship with parents in appose to giving them what they want.
My son who is now 18 will be going off to university with no financial support from dad but I will give him what I can afford to help him, if I havent got it he doesnt get it end of, but what we both have MONEY couldnt buy!!! we have a fantastic relationship, he respects me and understands that he carnt have what I carnt give, dont get me wrong I would like to have given him abit more especially were is education is concerned.

He doesnt hold a grudge with his dad and am glad he is like that, he will never grow up and have a chip on his shoulder.
In a strange kinda way he is looking forward to struggling, he wants to do it on his own, he wants to learn by it and to me that makes the man, that makes him independent and I want him to take that on board.

I know he is going to go far with his attitude, he could put some adults and children to shame!!!