meathman2014
Registered User
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Just wondering if anyone can help me with this. I am due to increase the child maintenance I pay to my ex-wife on the 1st January 2016. Relations are poor, and I know that the two issues below will be disputed. The current maintenance (IMO) is set at quite a high level.
The judicial separation does not specify the calculation of maintenance, just that the baseline is the first January 2015 and that the maintenance will increase in line with CPI from first January 2016.
Just two questions
(1) Where do I get the CPI figure for 2015, and what one do I use? The central statistics office (CSO) seen to have two different figures; One is the year start to year end percentage (that presumably is not available until a few months into 2016?), and also a 12 month rolling average figure- don't know what the official one for maintenance payment escalation is. The figures are not the same. Is there a "better one" to use from my point of view?
(2) Are CPI payments calculated on a simple or compound basis? ie Say the baseline is €1000 and CPI is 5% a year. So is it €1050 in Year 1 , €1102.50 year 2 ... etc, or is it €1050 year one, €1100 year two etc. I know this looks quite petty, but my maintenance payments are high and my kids are young, so they will continue for many years and this eventually could make quite a difference.
I know CPI is v low at the moment, but this will change over time. Whatever approach I take at the moment will be used in the future.
Thanks for any help.
The judicial separation does not specify the calculation of maintenance, just that the baseline is the first January 2015 and that the maintenance will increase in line with CPI from first January 2016.
Just two questions
(1) Where do I get the CPI figure for 2015, and what one do I use? The central statistics office (CSO) seen to have two different figures; One is the year start to year end percentage (that presumably is not available until a few months into 2016?), and also a 12 month rolling average figure- don't know what the official one for maintenance payment escalation is. The figures are not the same. Is there a "better one" to use from my point of view?
(2) Are CPI payments calculated on a simple or compound basis? ie Say the baseline is €1000 and CPI is 5% a year. So is it €1050 in Year 1 , €1102.50 year 2 ... etc, or is it €1050 year one, €1100 year two etc. I know this looks quite petty, but my maintenance payments are high and my kids are young, so they will continue for many years and this eventually could make quite a difference.
I know CPI is v low at the moment, but this will change over time. Whatever approach I take at the moment will be used in the future.
Thanks for any help.