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Reduced income CMS
col81
Posts: 338 Forumite
I was earning up until last month £39000 this has dropped to £30000 i am paying CMS based on £39000 what do i do? is it automatically reviewed every year? i cannot keep paying the amount it is currently
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Comments
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It’s renewed annually so yearly from the date of your calculation unless there is a 25% difference higher or lower in gross income then u can tell them of a change of circumstances and they should recalculate your amount0
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This is again, incredibly unfair to the poster as they have lost only 23% of their salary which CMS will ignore. Basically, they "have to" loose their job to get a new, fair calculation. Unbelievable...0
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