Hi we have two young children so I need to pay child maintenance of 20% of my net monthly income, which will leave me with approx. £2,140.
My stbx has a net monhtly salary of £1600 she works 30 hours a week so would also be entitled to Working tax credits of approx. £500 per month plus chld benefit of £140.
That would give her a net monthly income of aprox. £2,740 excl childcare (which 70% will be covered in cost of childcare benefit)
Now excluding all other figures of splitting equity and penson sharing etc. If those are the figures we end up with i.e. her net income is £2,740 and mine is £2,140 would I be expeced to pay her spousal maintenace on top of this?
Also she could work an extra day as 70% of her childcare costs would be met or am I not seeing this in the correct light?
Any suggestions, anyone?
Rather than think she has this much and i have this left think about what is needed and what you can afford, the length of the marriage the age of the children and to a lesser extent the lifestyle of the marriage are important.
Its more about the reasonable stated need and your ability to meet that need than numbers.
Thanks for that but my needs are as valid are they not. For instance I will need to get a place similar to hers (so I can have the kids) with all the same outgoings which that would entail.
I don''t understand if you don''t look at budgets and outgoings then what do you base it on? Our lifestle before the impending break-up wasn''t one that wold have featured in any magazines - other than how to get buy on a modest salary article!
Ooooh but they will try and pull the "lifestyle" thing. My STBX listed "fresh cut flowers" on her e. Mine was at most 7 lines. and the all related to basics.
be as detailed as you can be. The more your validated outgoings- the less the courts can say you have capacity. And show proof of purchase or costs. Details matter
loans/ debt (personal NOT marital)
money for weekend activities with children
weekly food shops
The court will look at the numbers in quite some detail but its more complicated than many think.
Lifestyle and length of marriage can play a part even if you don`t have kids.
One of the mad examples is Mr McCartney`s ex who insisted she needed yes needed a helicopter, the judge refused but she did walk away with money and maintenance that the rest of us could only ever dream about.
For the great unwashed (that would be us) it is more a case of i earn this and need this much just to live, for you SM will probably not be much of an issue, your stbx will have a higher income and your needs will probably take all of what you have left after CM.
For warned is for armed though, knowledge is power as they say.