CHILD MAINTENANCE

Bringvaluetome

No? 

Bringvaluetome

Can anyone help me with the calculation. Really confused. 
The CMS website calculator states - 

What is your total taxable income?

This is your total income from employment or self-employment, before tax and National Insurance, but after pension contributions. This can be weekly, monthly or yearly.

Bringvaluetome

Gross Wage	£24,970	£2,081	£480
National Insurance	£1,961	£163	£38
Pension	£1,249	£104	£24
Pension HMRC	£312	£26	£6
Student Loan	£0	£0	£0
Take Home Pay	£19,518	£1,627	£375
Tax Free Allowance	£12,509	£1,042	£241
Tax Paid	£2,243	£187	£43
Taxable Wage	£11,213	£934	£216

doraspenlow

This number will be on your last P60.
It's just your gross salary with your workplace pension taken off. So basically the total number that they are allowed to tax you on. 

What was your gross pay last year? - A
How much of that went straight into pension? - B
A minus B is your Total Taxable Income

If your pay is the same every month you can just look at your last payslip and use the monthly figure.

Bringvaluetome

What confuses me is that is says total taxable. And that is after pension contribution BUT before tax & NI
£24,970 (Gross salary per year)
£12,500 (tax free deduction) - 1250L tax code
£1,248 (Yearly pension deduction)
= £11,222 taxable income.(Input this figure in to CMS calculator?) 

doraspenlow

Bringvaluetome said:

What confuses me is that is says total taxable. And that is after pension contribution BUT before tax & NI
£24,970 (Gross salary per year)
£12,500 (tax free deduction) - 1250L tax code
£1,248 (Yearly pension deduction)
= £11,222 taxable income.(Input this figure in to CMS calculator?) 

I see how you are getting confused. You don't take your tax free allowance into account at all for this calculation. The calculation is as follows:

24,970 (gross salary) minus 1,248 (pension)= 23,722

So, on those numbers, if you have two children who don't stay over with you (and you have no further children living with you) you should be paying £315 per month.

Bringvaluetome

The wording isn't great on the website. I have 3 children and they stay between 1-2 nights per week on average. 

Bringvaluetome

How did you work out £315?

doraspenlow

Bringvaluetome said:

How did you work out £315?

I put your numbers through the child maintenance calculator, but I assumed 2 children and I assumed they didn't stay with you, so my example was not accurate for you.

Going back through the calculator, but putting in 3 children who stay with you 1/2 nights a week then it comes out with £320. Which is what you said you are paying. So that's fine. 

Bringvaluetome

I really appreciate your help. Would you agree it's confusing when it say's taxable income? Or am I just being an idiot....