Can my I.P demand my monthly payslips in an attempt to take more money of me even though I have supplied my P60 which shows I have earned less in the previous year.
The answer is yes they can demand monthly payslips in order to ensure that any additional monies are paid over if you are earning them, but it is perhaps a little extreme. We ask our clients to confirm their earnings on a quarterly basis, and then do a full review of their annual earnings at the end of the year to ensure full compliance.
If you are earning less than in the previous year, there is little to worry about by your IP seeing your payslips, so I would ask them to send you a supply of prepaid envelopes so that you can do this at the end of each month.
Interesting that Melanie's firm asks for them quarterly. We ask for them at the time of the Annual Review. We rely on the debtor to inform us (as they are required by the terms of their proposal) to inform us of any increases in net salary.We do trust our debtor's to play the game and most do!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
We don't ask for the wageslips quarterly any more, but ask our clients to make a self-declaration of earnings every quarter - so that we can help our clients to monitor whether there are any monies due at an early stage rather than get any nasty suprises at the end of the year when surplus money may have been spent. This strategy is welcomed by all clients, to ensure that they are aided in complying with the terms of their arrangements.
