When moving in with a partner, or remarrying, what financial implications come into consideration if the new spouse is substantially more wealthy?
For instance, is my new spouse expected to pay for child support for when my child visits the other parent? (3/7 nights)
I have already suggested my partner speak to their lawyer.
5 Replies
Child support is only assessed on your income not his, so he won’t have to pay anything for your children, however if you recieve any income support payments (pp, carers, FTB) they may be affected depending on his wage
Child support is only assessed on your income not his, so he won’t have to pay anything for your children, however if you recieve any income support payments (pp, carers, FTB) they may be affected depending on his wage
Child support for your child has nothing to do with his income, just based on yours. Like already mentioned you could loose Centrelink payments depending on his wage. Best to discuss finances in depth beforehand :-) best of luck!
Nope, he doesn’t pay child support for your children. It’s the one case where the government considers your finances as separate. So CS is based on your independent income and your exes income.
However if you receive Centrelink payments then that will be effected and it’s important that a 50/50 finance split in your situation is just not possible/viable. He will need to be prepared to support your children while they are in your care.
Your spouses income does not come into child support. Your income is only what child support is based on. Your exes new partners income does not come into what he pays for child support she is not responsible for him supporting your children. M
I’ve married up, my partner is significantly wealthier than my ex. His income does not count. It is not my income. It is his income and he supports me and my children with it. Their dad pays child support based on his income. His partner earns money. I do not get her money. I do not want her money she is not going to support my kids except when it comes to their time with him and her.