In the past year, the recession has put families under more financial pressure than ever. And, if you’re going through a break-up or trying to manage as a single parent, chances are you’ll have more money worries than most. One of the most important things to get sorted out as soon as possible is an effective child maintenance arrangement.
There is no definitive time-scale as yet, mainly as the changes haven't yet been approved by Parliament. There is currently a pilot scheme running, whereby any new cases where there are four or more children living with the PWC will be subject to the new changes. All other new cases will be dealt with under the existing 2003 rules.
The Baroness makes some good points about not splitting everything 50/50 after only a short marriage when no children are involved. But what she doesn't do is seem to place any financial value on the parent who 'chooses' to stay at home. This 'choice' is normally made by BOTH parents, and for good reason.
Divorce is a costly business not just emotionally and the cost of legal help - but in the months and years after when couples have to look after children from two separate homes and the available income has to stretch hard. The divorced are one of the most vulnerable groups when it comes to going broke.