I'm sure Michael Peoples will be on later and tell you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We usually require wage slips & P60 [if not already provided monthly], tax returns, an up to date income and expenditure account and details of any changes in circumstances. It is very straightforward and in the vast majority of cases there is little or no change.
Michael Peoples wrote:We usually require wage slips & P60 [if not already provided monthly], tax returns, an up to date income and expenditure account and details of any changes in circumstances. It is very straightforward and in the vast majority of cases there is little or no change.
Do you request 3 or 12 month's worth of wage slips?
Most clients send in their wage slips each month anyway and we check if anything is owed under the 10% 50/50 rule on overtime etc. However others do not, where their wages are static and they send the whole lot in one go. We need to check all wage slips so it is best to email us each month even if the wages never change.
Michael Peoples wrote:We usually require wage slips & P60 [if not already provided monthly], tax returns, an up to date income and expenditure account and details of any changes in circumstances. It is very straightforward and in the vast majority of cases there is little or no change.
I have the last 12 months payslips but can't find my p60 anywhere. I thought I had them together. Is this going to be a problem do.you.think?
Hurrah! I found it, so I now have my last 12 wage slips and my p60. I wasn't aware that I should be forwarding the wage slips monthly? But then i am a teacher on a salary and all overtime is unpaid so maybe that is why
Adam_7985 wrote:Do Cambridge Mc Duffy want to see bank statements for 12 months as well?
The lady I spoke to in their office today said that you only need to provide bank statements for the months that you have no wage slip for. So according to her they don't need both. I'm waiting on my pack coming in the post currently
We do not ask for bank statements post IVA as it is your business how you spend your own money. Some firms seem to want to see whether you shop in Waitrose or Lidl but in our opinion that is far too intrusive. Sometimes people send in bank statements where they have lost a wage slip or there has been a large expense that they need to show us but other than that we do not need them.
You are right about the wage slips in that if you are salaried then they would be no overtime, bonus or commission so we do not need the wage slips monthly. Even if you had lost the P60 we would have used the figures from the March wage slip as these are the same so nothing to worry about there either. If you want you can still email your wage slip each month and we will keep it on file which saves you searching around each year so whatever is handiest for you works for us. I am sure your review will be straightforward enough as teacher's salaries are not renowned for huge increases!
Hi I am also with mccambridge duffy who have been fantastic! I am in a joint IVA with my husband, his salary is the same each month so will send pay slips at the yearly review, however I am self employed so what will I need to provide for the yearly review? Would it be the whole years invoices and my completed tax return? My tax return would be April to April but my review would be in the June? Thankyou.
