Hi All,I am in the 3rd year of a 5 year IVA

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intrepid

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Post by intrepid » Sat Nov 01, 2008 8:09 am
Hi All,
I am in the 3rd year of a 5 year IVA and am in line for a promotion at work.
This will attract an increase in salary.
However, a condition of the promotion is that I become a member of a Professional Institution (c. £200/annum and undertake a professional examination during my first or second year's membership c. £500 exam fees).
I accept that much (if not all) of my additional earnings will be added to my income/expenditure assessment but is it 'automatic' that the additional Professional Subscription and Fees will be taken account of?
Thanks for your anticipated advice.
 
 

Julie

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Post by Julie » Sat Nov 01, 2008 8:14 am
Hi there - I would think these payments would have to be allowed as they allow to to work. I'm a member of a professional institution, but my employer pays for these. Is this an option with your employer?

xx
 
 

aguise

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Post by aguise » Sat Nov 01, 2008 9:48 am
Hi there and welcome. I too would think it could be offset against your additional earnings. Well done on the promotion.
Hubby has to have a medical for his job and had to get something necessary to his job and this was allowed to be offset before they took the 50% for our overtime.

Speak to your supervisor they will be able to confirm this definatively for you.

Ang
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MelanieGiles

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Post by MelanieGiles » Sat Nov 01, 2008 11:20 am
All costs relating to your new job must be set off against the salary increase, before you are asked to pay higher payments.
Regards, Melanie Giles, Insolvency Practitioner
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