Overpayments are they refunded?

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louiseh

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Post by louiseh » Wed May 21, 2008 9:49 pm
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I have just received the paperwork through for my first annual review and have noticed that I have been overpaying my overtime into my IVA. By my calculations I have overpaid over £200. Will I get this money refunded?
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MelanieGiles

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Post by MelanieGiles » Wed May 21, 2008 10:02 pm
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I am sure that if you explain this to your supervisor they will refund your money to you - but I am a little suprised that this has not also been noticed by them as well!
Regards, Melanie Giles, Insolvency Practitioner
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louiseh

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Post by louiseh » Wed May 21, 2008 10:15 pm
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Thank you for your reply. I asked about Overtime payments early on in my IVA and was told pay 50%. The information sent to me now says I keep the first 10% and pay 50% of the rest. I don't know if they have sent me the wrong notes or they have changed the way overtime is dealt with.
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MelanieGiles

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Post by MelanieGiles » Wed May 21, 2008 10:17 pm
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The new IVA protocol dictates that you can keep the first 10%, so if your IVA was prepared under these guidelines the money would appear to be yours.
Regards, Melanie Giles, Insolvency Practitioner
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