Keyworkers / overtime

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Mrs_Brown

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Post by Mrs_Brown » Tue Apr 21, 2020 6:05 pm
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I just got this information from Stepchange today. Unsure if it applies across the board, but worth enquiring if you are a key worker on overtime.

"I'm a key worker. Do I need to pay more into my IVA?"

If you're a key worker, you don't need to make additional IVA payments during the coronavirus crisis if this is as a result of working overtime. You just need to let us know at your annual review, or when you next send pay slips to us, that you're a key worker, and provide evidence to support this.
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Francesca

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Post by Francesca » Tue Apr 21, 2020 6:10 pm
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does anyone know if it applies to IVA with Creditfix as well? I am a key worker but I paid my overtime into my Iva this month. They didn’t mention anything
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Foggy

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Post by Foggy » Tue Apr 21, 2020 6:34 pm
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I think it is a discretionary thing. CF appear to be too self-serving to consider this, but might have overlooked it -- always worth asking them direct.

EDIT : Since this post the new rules have been published ... have a look here: new-iva-rules-during-the-pandemic-t89181 ---- these are not discretionary.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Thu Apr 23, 2020 4:07 am
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Having read the change in working re overtime for keyworkers I would hope all firms allow this without question for all key workers.
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kallis3

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Post by kallis3 » Thu Apr 23, 2020 6:49 am
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Let's hope they do.
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plasticdaft

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Post by plasticdaft » Sun Apr 26, 2020 8:31 pm
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I've a feeling this will vary across the industry.
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