Increase in income and expenses

[cr15py]

I have my annual appraisal on Friday, and within that will be my payrise. Last year, it was only an inflationary payrise of £31pm. If it is similar this year, then do I need to advise my IP? It could happen that my boss is feeling particularly generous and gives me a bit more (fingers crossed!) - what happens there?

My rent is going up by £25pm from 01/08/08 as I was advised when I got my new tenancy agreement this week. What with the increases in council tax due in April (say £5pm), light and heat charges (15% I think I heard mentioned recently = £7pm), and everything else that undoubtably will also go up, I would actually probably be worse off.

I assume that the increase in expenses will be offset against the income, and any deficit I will have to deal with personally? Any surplus I would have to pay over?

Just trying to get things straight in my head! [8D]

[aguise]

Hi there.
I would tell them to be safe but they should offset your increases in expenditure so send proof of that as well and I would think with all the rises in expenditure one should near enouigh cancel the other out.
Good luck on Fri

Ang

[cr15py]

Thanks Ang. I'm sure it will be fine - it's basically just a sit down over a cup of coffee and a bit of a natter about what courses I fancy doing, any aspects of my job I particularly like or dislike, blah, blah, blah. Oh yes, then it gets exciting when payrise time comes!!! LOL!! [:)]

[aguise]

I have the same in the nhs but I dont get the nice bit at the end, I just get the blah blah blah bit. lol

Ang