If I’m made redundant, can she get hold of the payout?
December 6, 2013
Further to my previous post need clarification urgently.
Briefly,was with CSA (HORRID EXPERIENCE) and managed to negotiate my ex away (basically I took on a load of debt),made a priovate agreement.Now I may be losing my job and due redundancy.Amount would be enough to clear all my debts and leave me with a sum to live on for approx a year while i find new job.(touchwood) If this happens my questions are-
a) if she goes to csa prior to redunadancy and I receive a lumps um on my pay slip can she touch it?(im told she can touch anything above the 30k tax free bit!)If so on what terms -ie 20% for two kids less a seventh?
b)If she goes to them after I finish and I am redundant,can they still ask for two months pay slips and take a portion of my lump sum?
Common sense says they shouldnt as it isn’t income and I need to live but when did that stop these people?
I have no intention of reneging on our agreement if I get another job and every intention of putting money aside for the kids as it would be my only opportunity to do so.Would be nice to know I could give them a lump sum each when they are 18 and I would also take them on a great holiday but after three months if I dont have a job I would have to review it.She has an income of over £200 per week more than me so could survive without it but right now I feel over a barrell.
Can anyone tell me categorically where I stand please?
All help appreciated.
i was told they get 40% of anything over 16k
No they can not touch redundancy its not income but a compensation payout csa cant touch compensation payouts. I was made redundant 2009 got 50 grand csa did not touch it ex wife told csa and was told they wont take anything that is classed as compensation. We then made a private agreement from then on until august 2012 wen she went back to csa.
Chris is correct. However that does not stop the bunch of child abusers at the Csa from trying to take it. And they probably wil try. So be warned and move the money somewhere safe. Especially if your case is still open.
It really depends. If your redundancy pay is classed as “pay in lieu of notice” then your calculation would remain in place at whatever rate it is at the moment until your official employment end date.
If it is not, then the only way the redundancy payment could be “touched” would be if an application for a variation was made on the grounds of assets. For this, the payout would need to exceed £65,000.