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CSA Variation

  • SummerSun
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20 Oct 07 #5019 by SummerSun
Topic started by SummerSun
New to this site - so Hi

Doeas anyone know about CSA variations under the new rules? Is it true that a variation can be awarded if the NRP has over a certain value of assets? What if assets are earmarked for buying a house?

Thanks

  • Angel557
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20 Oct 07 #5026 by Angel557
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If you have assets worth more than the level set by the CSA yes , the PWC can apply for a variation on this.Investments and trusts can be included.

  • Mike789
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22 Oct 07 #5138 by Mike789
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Assets over 65K can be looked at ( not including main family home) The assets must be over 65K and the NRP must have control of them. If you have assets that you are going to use to purchase a new family home then again it is unlikly that the CSA will include them as this is a reasonable reason to retain capital. Other reason such using the asset for a pension are also allowed. Child support Variation regulation 2000 Reg 18 refers.

Mike

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