Replies

• 9 February at 12:13PM

  TBagpuss Forumite

  10.4K Posts

  

  Forumite

  9 February at 12:13PM

  Maintenance is normally based on income, not capital, so taking a lump sum is unlikely to affect child support but if you start to draw your pension as well that may do so,. 

  All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)

  0
• 11 February at 1:47AM

  Clearchem Forumite

  25 Posts

  

  Forumite

  11 February at 1:47AM

  Depends on the value of the lump sum. It comes from income not assessed for child maintenance as pensions are rightly exempt, as they are not for your children they are for you, and would always reduce available money for the children, resident parent or not.
  
  If the lump sum is over 31250 the receiving parent can request a variation to assess the sum for 8% notional income against which their usual % 12 16 or 20 would be due.
  
  If you draw the pension it is now income and will be assessed for cms.
  
  So yes your cms payment could go up.

  0