Any parent will know that having children transforms your life. Suddenly, your first priority is caring for your children and ensuring they have everything they need. And while you would never begrudge the money spent on your child’s education or passion for sport, any parent will also know that children are expensive!
If there is one thing the legal profession is (sadly!) renowned for, it is lots of complicated jargon. Words which describe slightly different principles and situations in a way which is often confusing. Well, we would like to break down an example of this for you today: child support vs child maintenance. Are they the same thing? If not, how are they different and which one is best for my circumstances? All these questions are answered below to ensure that you are equipped to fully understand the financial implications of your family law separation in the context of children and child support.
There are a range of flexible options for the payment of child support which allow parents to choose a format which best suits their particular circumstances. When determining the best configuration of child support for you, consider the following three questions:
When it comes to child support, we often advise that clients seek assessment and management of payments through the Child Support Agency. Why? Because this service was established by the Government to solely handle child support payments. Consequently, it often provides parties with the simplest, cheapest and most hassle-free system to make child support payments. However, a question we are often asked it ‘How are these payments calculated?’