Tax & Benefits
As soon as you divorce or separate, formally or otherwise, you will be treated as separate individuals by the Inland Revenue. You should notify them immediately as there may be tax implications. If maintenance is paid then limited income tax relief may be available. There may be tax considerations if joint assets are sold or ownership of property is transferred.
If these apply to you, you should take tax advice from a professional financial adviser as soon as possible.
If your separation now means there is only one adult in your home then you can apply to the council for a 25% reduction in your council tax.
The average household could save £140 off their energy bills if they changed supplier. Click here to find out how much you could save.
You may be entitled to state benefits if you are now on a low income. These could include:
- Child Support
- Children's Tax Credit
- Council Tax Benefit
- Grants towards cost of home repairs
- Housing Benefit
- Income Support
- Jobseekers Allowance
- Social Fund
- Working Tax Credit
To find out if you are entitled to any of these benefits go to DWP.
Bear in mind that if you start claiming certain benefits that raise your income then the CSA needs to know and may need to adjust maintenance payments accordingly. This may also affect any claims you have going through court.
If you need a cash loan of up to £750 then go to PaydayUK