Hope everyone is well. No rise this year but one off payment

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maxieboy

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Post by maxieboy » Mon Apr 16, 2012 6:45 pm
HOPE EVERYONE IS WELL... JUST HAD NOTICE NO RISE THIS YEAR....LAST WAS 2009..BUT A ONE OFF PAYMENT OF 500 POUNDS....SO WITH TAX I WILL GET 300....WILL I HAVE TO PAY THIS OVER TO IVA FOLK?...
 
 

kallis3

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Post by kallis3 » Mon Apr 16, 2012 6:49 pm
Hi Maxieboy,

Depends on what it says in your paperwork. You need to have a chat with your IP to see if they will want any of this.

Hopefully not.
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.
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MelanieGiles

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Post by MelanieGiles » Tue Apr 17, 2012 12:09 am
It is likely that this will be captured under the 10%/50/50 ruling if you have that as part of your terms and conditions. Ask your IP for advice if you are unsure.
Regards, Melanie Giles, Insolvency Practitioner
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