50/50 split bonus/overtime

[hillsy]

Hi,

Can anybody tell me if they are with Grant Thornton, and if they have to pay over the 50% as I do not have this clause in the agreement, but am getting slightly worried that I may have to at my review in October

[goulda]

Was you previously with Debtmatters, I was. The answer to your question is no.
However they may increase your monthly payment if the overtime is regular and means you have money spare each month which could be paid into your IVA - I am sure one of the experts will confirm my statement

[hillsy]

Hi
No I was not with debtmatters I have been with Grant thornton from the start. But to be honest any extra money we have had from Bonus we have needed for unexpected bills, (Final bills from previous propety) deposit on new rented house etc.

[abc]

You need to double check the proposal and the chairman's report (for creditors modifications) for the issue regarding paying 50% of additional income. If in any doubt ask your IP at Grant Thornton.

At each anniversary your income and expenditure will be reviewed, if you have regularly bonuses or overtime this may be included in your income but don't forget you can increase your expenditure as I guess somethings will have increased over the year eg Fuel, Food etc.