Hey everyone, firstly I'd like to point out I'm not looking to avoid contributing towards my daughter. I have paid child maintenance for years now, however, due to various changes in circumstances the amount I'm being asked to pay is simply criminal. It's roughly double the amount I can actually afford, since CMS stupidly don't take into account many outgoings. I'm more than happy to pay the amount my daughter costs to keep, but not to line my ex's pockets.
I've heard that you can set up a limited company to reduce the amount you pay. How does this work exactly when I'll still be paid from my full time employment in the same manner? Can I somehow pay my wage into the company and pay myself roughly 50% of it back, which will be seen as my wage by the CMS?
Thank you for your time!
I've heard that you can set up a limited company to reduce the amount you pay. How does this work exactly when I'll still be paid from my full time employment in the same manner? Can I somehow pay my wage into the company and pay myself roughly 50% of it back, which will be seen as my wage by the CMS?
Thank you for your time!