2008-07-08 07:59:47 UTC
I've been lurking on this group for a few weeks now as my current
situation with the CSA is reaching crisis point and I need to make
some changes to my situation so that I can cope with the next 12 years
without going insane or bankrupt (or both).
I am a NRP who has never had any contact with the child or my ex-wife
since we split up 7 years ago. I was basically tricked into fathering
the child as my ex-wife decided she didn't want to work full time
anymore. I was never anything but completely honest with her about my
lack of interest in having children and living off the state, so she
decided to go ahead and do it anyway, unilaterally. She stopped taking
the pill and kicked me out as soon as she found out she was pregnant.
I have not had any contact since, and attempting to try and reason
with her would be futile.
Anyway, the CSA is currently taking 22% of my take home salary because
they say I was incorrectly assessed a few years ago and am in arrears.
I am trying to supporting my current partner who is ill and unable to
work, but it is impossible to cover our own bills and living expenses
when the CSA take over £400 a month directly from my earnings and we
are sinking in debt that we cannot afford to pay back.
I've decided to look into going self-employed... I've not talked to my
employer about it yet, but I will do once I have done a bit of
planning. I've been reading Fletchers posts with great interest on
this subject and have a few questions:
- What is the benefit of setting myself up as a sole trader as opposed
to a limited company?
- Which bank is the best with which to open an offshore account? I
have no money to open it with and my credit rating is very poor - I
presume this is going to be a hindrance?
Thanks in advance for your time - any response would be greatly