Receiving parent is a billionaire, I am not..

Grumpy_chap

Something seems not quite right with these numbers.  

Why is your £billionaire ex, who is also caring for your joint child, bothered about £200 or £400 per month to the extent of making you feel the pain?

Unless they magically made a fortune after you separated, why isn't your £billionaire ex paying you spousal maintenance?

elsien

Because spousal maintenance is very rarely on the cards nowadays, unless one party really can't maintain themselves without support from the other partner. Which would not appear to be the case here. 

eezyrider77

Grumpy_chap said:

Something seems not quite right with these numbers.  

Why is your £billionaire ex, who is also caring for your joint child, bothered about £200 or £400 per month to the extent of making you feel the pain?

Unless they magically made a fortune after you separated, why isn't your £billionaire ex paying you spousal maintenance?

Child Maintenance for one child is 15% net income (gross pay, minus Income Tax,  National Insurance, and 50% pension).

As a rough guess that would make a make the poster having a yearly gross income of £38-40,000. It might seem a lot to some but if you have a mortgate etc to match I can see how doubling the maintenenace might cause some issues.

However if the spouse is a Billionare I'm sure some legal firm would be willing to take the case on a 'No Win No Fee' basis to get spousal maintenace.If billionaires take billionaraire to court and win money I can't see how this will be different.

waamo

Ex partner a billionaire. I used to love Jackanory.

tacpot12

Rather than try to make an arrangement with your ex, why not just impose an arrangement that you can make work?

I think you need to pay a little more, so that they see you accept that you need to pay more, but you can tell them why you can't pay the full amount immediately. They may feel vindictive towards you, but if you give them a reason why you can pay the full amount, they have to think about whether they accept this reason and whether they wish to take the steps to enforce payment.  For example, if you were to pay £250 pcm from now on, and increase this to £350 in six months time, they might not take any action to recover the missing amounts, although legally you owe them and the CMS chases arrears for many years - I've spoken to people whose children are in their late thirties who are being chased for arrears of child maintenance for the 'child'!

Taking the above approach might buy you the time to make changes to your "fixed" outgoings. The key to success is to do the most you can to pay what you are assessed as needing to pay.  

omega85

We all come from different background and circumstances. What I am trying to find out is a possibility for me to pay less regardless the decision given by CMS. Not because I do not care but believe it or not, I am in a better need of that £200 than my ex whose PASSIVE income is over £3000 on a monthly basis. This is moreover about revenge between us, not the money...
You wanted real figures: my yearly gross income is £42k. The calculated fees are;

- Your child maintenance calculation is £86.02 a week or £372.48 a month (if I live with 1 child)
- Your child maintenance calculation is £83.12 a week or £359.93 a month (if I live with 2 children)
As I mentioned before, the difference is £12. And what could I do with that extra £200 some of you might ask? Actually, I could move to a bigger house with my loved ones who I also have to support financially. £200 means a lot to us...

Comms69

eezyrider77 said:

Grumpy_chap said:

Something seems not quite right with these numbers.  

Why is your £billionaire ex, who is also caring for your joint child, bothered about £200 or £400 per month to the extent of making you feel the pain?

Unless they magically made a fortune after you separated, why isn't your £billionaire ex paying you spousal maintenance?

Child Maintenance for one child is 15% net income (gross pay, minus Income Tax,  National Insurance, and 50% pension).

As a rough guess that would make a make the poster having a yearly gross income of £38-40,000. It might seem a lot to some but if you have a mortgate etc to match I can see how doubling the maintenenace might cause some issues.

However if the spouse is a Billionare I'm sure some legal firm would be willing to take the case on a 'No Win No Fee' basis to get spousal maintenace.If billionaires take billionaraire to court and win money I can't see how this will be different.

CM is based upon gross, not net. 

Comms69

omega85 said:

We all come from different background and circumstances. What I am trying to find out is a possibility for me to pay less regardless the decision given by CMS. Not because I do not care but believe it or not, I am in a better need of that £200 than my ex whose PASSIVE income is over £3000 on a monthly basis. This is moreover about revenge between us, not the money...
You wanted real figures: my yearly gross income is £42k. The calculated fees are;

- Your child maintenance calculation is £86.02 a week or £372.48 a month (if I live with 1 child)
- Your child maintenance calculation is £83.12 a week or £359.93 a month (if I live with 2 children)
As I mentioned before, the difference is £12. And what could I do with that extra £200 some of you might ask? Actually, I could move to a bigger house with my loved ones who I also have to support financially. £200 means a lot to us...

Ah but that's not quite accurate, because you get £40 off for the first child already. 

The rest is largely irrelevant. (also it would be less if you saw your child)

ZaSa1418

On 42k a year paying for 1 child with your ex, you having no shared care/overnights and having 2 children live with you works out at £83.12 a week or £359.93 a month. Same calculation but you only having 1 child live with you rather than 2 works out as 
£86.02 a week or £372.48 a month. 
This is your gross income before tax & ni , if you make pension contributions it will be lower. If you paid 5% a year pension contributions then the above calculations would be reduced. £81.72 a week or £353.86 a month is the 1 child living with you and £78.95 a week or £341.93 a month is if you have 2 children living with you. 
These are obviously rough calculations using the calculator on the gov.uk website as i have no idea how many children you have living with you nor the pension contributions you currently pay but why don't you go back to the calculator and do some more calculations, you can work out your gross income after different levels of pension contribution and see what that brings up for maintenance payments.