an additional weeks salary at Christmas

[lou33]

Hi. I have heard that we may all receive an additional weeks salary at Christmas, to compensate for having no pay rise this year, and for the fact there wont be one next year either. Can someone please clarify if this will have to be paid into my IVA? Obviously the extra cash would be so welcome, specially at xmas, but I have a feeling I wont see it. Thank you.

[Adam Davies]

Hi
It should be classed as a bonus and hopefully your IP will not want a share of it given the time of year.
At the end of the day it will be down to your IP
Regards

[Michael Peoples]

I agree that you should notify your IP to see what discretion[if any] they have. If there are any particular works need carried out to your vehicle or items of household equipment need fixed or replaced you should advise your IP of these. It may come down to a compromise of some sort but it will depend on the terms of your IVA.

[lou33]

Well that's not as bleak as I thought it would be!! Thanks everyone I will speak to my IP.

[pog1234]

can I just ask is a bonus teated differently to overtime? I am set to receive a one off bonus in my December pay to the take home value of £700 I assumed the 10% 50/50 rule would apply as it does to overtime.

[Michael Peoples]

It depends on what your IVA says but in most curcumstances you are correct. You will need to double check with your IP but you should be fine.

[northumbrian69]

I get an annual bonus and for the last 2 years have had to use the 10% 50/50 rule that you describe.
I think it's a pretty standard formula used by most IP's, it's nice to be able to keep at least 50% of your bonus.
GOOD LUCK [:D][:D]

can I just ask is a bonus teated differently to overtime? I am set to receive a one off bonus in my December pay to the take home value of £700 I assumed the 10% 50/50 rule would apply as it does to overtime.
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