Large Monthly OTE's

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
Post Reply
 
 

Dan76

User avatar
Posts: 28
Joined: Mon Sep 02, 2013 10:00 am
Post by Dan76 » Tue Jun 03, 2014 5:14 pm
Quote
Hi

If one earns large additional bonus payments and overtime in a month that totals more than £500 does that count as a windfall?

For the last year or so i have consistently earned several hundred pounds of OTE's as well as some overtime every month.
My next payday will be a record breaker in terms of OTE bonus and overtime and will be well over £500 so how would I stand with this?

Id just like to stress that I always pay 50% of any additional earnings after the first 10% anyway.

Thanks in advance
Dan
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Jun 03, 2014 5:27 pm
Quote
If employment related it will not be considered a windfall --- and, if it were, you would have to pay over the lot if it was over £500.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”