Hypothetical Situation

[Shining]

I would appreciate some feedback on this situation, this is hypothetical at the moment, but have heard it may become reality soon.

I currently work two jobs, I tutor I.T in a local College, I tutor on a part-time basis, company pension, fair pay, lots of free training (started as admin assistant). My 2nd job is also as an I.T tutor in a Learndirect Centre, I'm a bit of a control freak and like things to run smoothly and even though I only work 9 hours a week there, I have introduced several new rulings and got the centre running a lot smoother which has resulted in increased revenue for the centre. I also do some work from home for them (voluntary) as their I.T skills are shall we say not professional and I have just made their forms professional looking. I took the work I did at home for them into the centre this lunchtime and the M.D is on holiday for two weeks but a member of staff did say upon their return they are planning on offering me a full-time position with a 5k payrise on what I earn now.

I have no objection whatsover in paying more into my IVA, my only thing I'm struggling with is there is no pension, is the college more secure, the training is better at college for definite, to be fair if I could stick with the college a few more years I would be earning the 5k extra, unsure where I could further my career within the Learndirect Centre. Do I do what is best for my creditors and pay more into my IVA.

Questions for Melanie/professional.

Would I complete a new I&E to give me a new payment prior to first anniversary of IVA?

Would I be allowed to set up and pay into a private pension if the College one is stopped?

I'm so confused to be honest, this has totally thrown me!

[luluj]

Learn Direct centres are playing a major part in the education of our people who face difficulties in their basic skills - I would personally say that a future with Learn Direct is quite secure and they will be working with the government departments and other training providers such as the LSC etc for many a year to come - take the risk I would !

[Shining]

Thank you Lulu for your comments, I'm going to speak to my husband when he comes home. It's such a hard decision as I do feel I have security now and not saying I won't have if I move jobs, it's the fear of the unknown and I know we all need to take risks in life but when in an IVA that is not always the best time to take them. I would be a Skills for Life Tutor if I moved to Learndirect rather than just I.T as I am now. I know the goverment wants everyone to be education to level 2 in adult numeracy and literacy and they are a busy centre. They just need a bit of organising and someone to say do this do that etc., and I guess it's my bossy side she's noticed!

[luluj]

Seriously without disclosing who and what I do or work for - Learn Directs do have a huge future!

[Viki.W]

Ooh cryptic! Lesley, maybe you SHOULD take it.[;)] X

[Shining]

I'm going to talk to my husband tonight and hopefully Melanie at some point, there is nothing in writing to say any of this is true yet, MD on holidays for 3 weeks now so it won't be just yet but I've no reason to disbelieve it

[MelanieGiles]

Lesley

I would generally look at reviewing this at the year end, but as you have some arrears the opportunity to clear those up would be sensible.

With regard to pension, I would have no problem in authorising you to take out a PPP on similar terms to your current company pension.

Only you can make the decision as to whether this is a good option for you - it is the extra money vs the lack of benefits and risk factor, and this clearly needs a lot more thought.

[Soulgrowth]

Congratulations Lesley ... they must think highly of your commitment to your work [:)]

Debbie

[Adam Davies]

Hi
Well done Lesley,looks like your hardwork has paid off
Regards

[Shining]

Ah thank you all, I have spoken to hubby and as we have two weeks before M.D of 2nd job comes back from Egypt and then I'm on hols for a week, technically I have 3 weeks to make a decision and weigh everything up before I would even consider giving notice to college.

Melanie you have put my mind at rest re the pension as I'm 46 now so need to have something in place for the not too distant future.

The arrears would obviously be my priority it's a little less than a month now as I paid £60 off those in the month of June and plan to pay £60 extra per month until they are cleared.

Sorry to ask so many questions but if my salary increased by say £400 per month, from September, I paid off my arrears initially, would I then only pay 50% of the extra money into the IVA until anniversary date when the payment would be revised for a new figure.

[MelanieGiles]

Lesley

Probably better to discuss your individual case privately rather than on the www. E-mail me with the details and we can cnat.

[Skippy]

Congratulations Lesley, whatever you decide I hope it works out for you x

[Shining]

thank you Melanie and I will do, I've no idea what to do at present but as soon as I make up my mind I'll mail you. I'm so full of what if this and what if that and like hubby said sometimes we need to take that risk in life but my point is maybe not whilst in an IVA.

[Skippy]

I agree with your hubby Lesley. Sometimes you have to take a risk - sometimes you don't get a second chance, and life's too short to look back and think what if.

[MelanieGiles]

Don't ever put your life on hold for the sake of the IVA. IVAs, handled correctly, have a habit of following you around rather than vice versa. And you are only on this planet once!