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Hi,
I received the final approved order from the family court regarding child maintenance and I desperately trying to understand one part of it, stated below:
"Annual variation in periodical payments
The periodical payments set out in paragraph 5 above shall be varied automatically on the “variation date”, which shall be on the date of the payment due in October and at yearly intervals afterwards. The change in payments shall be the percentage by which the respondent’s total income including bonus and commission after deduction of income tax and national insurance contributions shall have increased between the date 15 months before the variation date (i.e. October 2020 in the first instance) and the date 3 months before the variation date (i.e. October 2021 in the first instance). The respondent shall produce documentary evidence of his income from all sources to include his P60 and self-assessment tax return and last three payslips to the applicant by 4pm on 31 January each year, and production of these documents shall be sufficient evidence of the respondent’s total income and the income tax and national insurance contributions payable on it."
Hope someone could help me clarify how to handle this annually and also who is supposed to calculate the new amount to be paid.
Thanks a lot in advance for your support
George
I received the final approved order from the family court regarding child maintenance and I desperately trying to understand one part of it, stated below:
"Annual variation in periodical payments
The periodical payments set out in paragraph 5 above shall be varied automatically on the “variation date”, which shall be on the date of the payment due in October and at yearly intervals afterwards. The change in payments shall be the percentage by which the respondent’s total income including bonus and commission after deduction of income tax and national insurance contributions shall have increased between the date 15 months before the variation date (i.e. October 2020 in the first instance) and the date 3 months before the variation date (i.e. October 2021 in the first instance). The respondent shall produce documentary evidence of his income from all sources to include his P60 and self-assessment tax return and last three payslips to the applicant by 4pm on 31 January each year, and production of these documents shall be sufficient evidence of the respondent’s total income and the income tax and national insurance contributions payable on it."
Hope someone could help me clarify how to handle this annually and also who is supposed to calculate the new amount to be paid.
Thanks a lot in advance for your support
George
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