Hi all
I am NRP with 3 kids partly with me. I was very well off pre my wife initiating a divorce but current situation is very different!
Wife got clean break and about 60% of assets leaving me with about £2m and as a director/99% shareholder in a company losing money.
My income last year was about 30k, ex wife applied for a variation. CSA caculates a return of 8% on your assets - I am renting so that also increases my assets as I have not bought a property (which is excluded as far as I am aware). Therefore my assets are taken as £2m and they apply an 8% return to it!!! This puts me on max income of 2K a week although I am getting about 30k per year. By CSAalculation I need to pay about 18k a year!! Seems a tad unfair.
I have spoken to various people at CSA, complex case etc. First person said that wife would need to know what those assets were and prove them. She had form e from divorce but current assets are very different. CSA have asked me to declare that I am above he threshold of 2k per week but what happens if i refuse to reply? What rights do they have to determine my assets? Is it correct what the the first person who told me wife would have to prove those assets or list the accounts is correct? How can I get proper advice - solicitors are not interested and once you have a case at CSA you always speak to the same person who seems determined for a quick clean solution, ie I just admit and pay - but given the situation it seems a bit unfair.