IPA/overtime???

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ivafailling

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Post by ivafailling » Tue Jan 22, 2008 11:16 pm
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From how i understand it you pay an IPA on anything over you expenditure (+99 quid).

Now take this scenario, a man earns 1500 a month, but can and has made 2-500 extra a month, so now he has done his expenditure and has been agread with the oficial reciver that t comes to say, 1450 a month.

Now the O/R looks at his wage slips and says right then, you have extra everymonth, you have to have an IPA.

Tha man says, but we are not busy at wok and i wont be getting any overtime for the next 6 months, so i will be on from now on my basic, what happens?
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MelanieGiles

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Post by MelanieGiles » Wed Jan 23, 2008 12:29 am
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You simply advise the OR of your current level of salary and let them readjust the IPA payments.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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