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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


What is enough for proof of income

  • ♤Dizzy♤
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23 Sep 21 #517760 by ♤Dizzy♤
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I am self employed, divorced and have a CO that says I will pay child support at CMA rates. I have forwarded an email from my accountant saying what my taxable income was to the ex to show the figure I will use in the CMA calculator. The ex says this is not good enough and is wanting to see my fully itemised accounts to prove my income. Do I have to send my full accounts or would an SA302 be good enough as I think what I spend on stationary, PPE, equipment etc is now none of her business. Any advice happily received. Thanks

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24 Sep 21 #517772 by WYSPECIAL
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How long has the court order been in place?

Has court said what evidence you need to supply?

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25 Sep 21 #517777 by ♤Dizzy♤
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Since March this year and no it doesn't specify what proof is needed. It just says payments in line with CMA calculations.

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25 Sep 21 #517778 by WYSPECIAL
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Tell her that you feel that you have provided sufficient evidence and leave it at that.

As you say, what you have spent on PPE etc is irrelevant.

After 12 months either of you can apply to CMS and end the court order if you’re unhappy with it.

  • hadenoughnow
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27 Sep 21 #517790 by hadenoughnow
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If the order says you will pay in line with CMS, iis CMS who will have to be satisfied with your proof of income. It is open to her to ask them to deal with the matter (although a fee would be involved if payment is made through them). Remember that CMS rate is a minimum so you can always pay more on a voluntary basis.

As you are self employed perhaps you could agree to pay a monthly amount that can be 'topped up' if there is profit in the business over and above what you have drawn in income. This could be calculated annually.

Hadenoughnow

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