extra expenses when changing jobs

[pm5]

I am in the process of changing jobs, the pay per month will be around £170 better off.Now in my agreement it says that i have to donate 50% any additional income i recieve but as my new job means i will be traveling alot more miles each month this is going to add an extra £70 in fuel, also with all my other expenses increasing dramatically i'm probably only going to be around £40 better off.
Does my IP have to take into account all these extra expenses & would i have to pay the whole £40 into my iva or half ?

[AlanO]

I suggest approaching the IP with an updated income and expenditure statement that way they have the whole picture and any amendments should be fairly assessed

All the best alan

www.debtdr.co.uk

[MelanieGiles]

Yes - your IP does have to take account of the additional expenditure you are incurring in order to warrant the pay-rise, and this should be deducted first before the 50/50 split.

[pm5]

Thanks for the replies, I thought thats what they should do Melanie but was'nt sure.
But after all the extra expenditure,Im left with £40 extra, do you think I should donate all of that or just half ?

[MelanieGiles]

Half!

[pm5]

Ive sent my IP a letter letting them know I will be in new employment at the end of April with an increase in salary along with increases in expenditure, I outlined how many more miles & suspected fuel costs I will undertake too.
Ive done this so they know in advance what my new situation will be,so when my annual review comes along they cant say i did not tell them can they.