Child support: How much should you pay depending on your salary for your child? | Finance | Economy

The Law 1098 of 2006which governs the Childhood and Adolescence Codeis the one that stipulates the value of the food quota in Colombia.

Said regulations seek to ensure the well-being of minors during their growth, giving them guarantees so that parents provide their necessary economic support. It also includes the support of funds to cover expenses such as food and other items for their development and well-being.

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It is worth noting that the quota assigned to the father or mother responsible for the support of the minor may vary depending on several factors, such as their monthly income, the age of the minor, among other parametersHowever, keeping in mind that these may change in the future, it is important to be aware of any adjustments to the relevant regulations.

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Those responsible for establishing the child support amount that a parent must pay are the family courtsbased, yes, on the Code of Childhood and Adolescence.

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Although there is no established quota, It will be assumed as if the father or mother had an income of at least one legal minimum wage. Starting from there, and adjusting based on the parents’ ability to contribute more.

Among the factors considered to establish the fee, the income of the parents, the age of the child and any special needs that the minor may have are taken into account. This food quota will increase annually as the Government decrees the increase in the minimum wage..

As explained by Colombian Institute of Family Welfare (ICBF), the amount will depend on each particular case, since in Colombian law there is no formula that defines the amount of this obligation. However, it can be calculated according to the following parameters:

– The support obligations of the parent with other people to whom by law they also owe support (other children, spouse, parents, among others).

– The maximum limit of the alimony quota is 50% of the father or mother’s salary.

– The economic capacity of the parent obliged to provide food.

– The real, social and economic needs of the child or adolescent.

– If the person obliged to provide food does not work or his income is insufficient, the calculation of the food quota is determined based on a current legal minimum wage.

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