I am due to receive a long service award in March, this will consist of £600 worth of vouchers, this is obviously a windfall but I am struggling as to how my IP will convert them into cash when I declare them.
Advice please [?][?][?]
IVA COMPLETED ON THE 17th MARCH, FINAL I&E COMPLETED 26th APRIL, COMPLETION CERTIFICATE ARRIVED 2nd AUGUST
I think, and I am sure someone will correct me if I'm wrong, that if you get vouchers you can keep them.
Vouchers are awarded on here every month for blog of the month, and because it's not cash, we can keep them, so you may be ok.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I agree with Jan I would be surprised if your creditors were interested in vouchers, and you would be able to keep half anyway even if it was a cash bonus, plus 10% of your normal take home pay, so I reckon you will be able to keep them but I would ring your IP just to double check.
Thanks for the advice[:)][:)]
Rang my IP just to be on the safe side, he thanked me for my honesty and told me to keep them, I'm over the moon, our washing machine is on it's last legs, now I can afford to replace it [:D][:D][:D]
IVA COMPLETED ON THE 17th MARCH, FINAL I&E COMPLETED 26th APRIL, COMPLETION CERTIFICATE ARRIVED 2nd AUGUST
That's great news for you norhtumbrian69[:D]...hope you enjoy spending your vouchers!!.but hope your net take home pay isn't affected too much as well!!....take care ..xx[:)]
IVA accepted 13/11/2008..17 payments down,55 to go..
