What's the best way to pay the up lifts monthly or save it up till after annual review because it could equal out over the year as I got this excel spreadsheet emailed to me to log our payment monthly and it says to contact them monthly if I exceed the 10% and this was the comment.
Or what do other people do if they earn more I.e overtime/bonuses
Annual Salary Review log
As you are aware the terms of your arrangement provide for you to introduce into the arrangement 50% of any additional income earned over and above 10% of your normal take home pay, Please use this to log your net take home salary each month, if your net salary exceeds the "Net Salary plus 10% Allowed" column please contact the office on 0871 559 2878 as soon as possible.
Last edited by Steeddie on Fri Sep 20, 2013 3:27 am, edited 1 time in total.
Hi steedie
I paid any extra after it was received by sending additional one off standing order payments. Once the monies gone from the account i dont have to worry about keeping it. Check your proposal it may set out a time limit for you to make these payments And if its not clear you could always ring the number on your form now. Then you know exactly where you stand.
Thanks when I spoken to them last time I needed to pay back in may they told me many people put it in a separate account and pay anything owing at review I did that for a few months and I have just had my review and I put aside £700 what I worked as what the over payment should be, and they have just told me there is nothing owing because I'm below the 10% ??? And then I get that comment on a spreadsheet they sent me. Confused lol
It is probably as you describe calculated on a monthly basis. This way the IP maximises the additional income as most people when earning overtime will have it in lumps rather than constant over the year.
Steeddie, I am one of the IPs at Harrington Brooks. I don't visit this site as a matter of routine but someone has pointed out that you have posted a few questions on here recently. I'm sorry it took us so long to return your calls and this issue has been dealt with. The phone number you have quoted in your posts is our switchboard number rather than anyone's direct dial number but in respect to your annual review there is just one female member of the team who deal with them so I was able to remind her of the need to return calls and answer emails promptly.
As with any queries you might have, the best thing to do is always to speak to us - believe it or not we are here to help you and other people posting on here will not be aware of your full personal details so no matter how well intentioned their replies they are not necessarily going to be able to advise you correctly for your own circumstances. I would hope that you will always find our staff to be understanding and helpful, although I appreciate that when information is received in a letter it can appear stark and sometimes a bit worrying.
If you are ever having trouble getting through to us on the phone there is an email address IVASuppot@harringtonbrooks.co.uk that you can use. We have very strict internal rules about how quickly our calls and emails are dealt with and these are monitored weekly. Obviously I cannot identify you from your user name on here so I can't look into your personal account, and I am not allowed to post my personal contact details on here for obvious reasons but hopefully all of your questions have now been answered to your satisfaction.
Great reassurance there from David. David is known to be a very hands on IP, and it is nice to see that he has taken a few moments to post on the forum. I completely concur with David that the first point of call should always be with the IP. We have detailed knowledge of our cases, or we can quickly deal with queries if the issue is not immediately within our knowledge.
...I suppose it all depends how regular your O/T is, as well as how much.
If you are consistently doing OT more than 10% of your stated income, perhaps it is best to pay it over Monthly.
If however, you only occasionally get OT - even if it is for a significant amount, then leave it to your annual review. that way, 'averaged out' over the Year, it may fall below 10% of your annual income, and no uplift payments should be required.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
