overtime 50% on weekly pay

[kev59]

im paid weekly, but wage not the same each week.
can go up or down by £30 a week.
have to give 50% over after the frist 10%.
Is overtime payment be worked out weekly or four weekly.

[kazzafunk]

Ours is worked out monthly as per our wage pattern.

This is something to be discussed with your IP. It may be worked out on a weekly basis or they may be working out your wages on a four weekly basis.

[kallis3]

Agree with kazza - you need to speak to your IP about it. I've no idea how they do things when people are paid weekly.

[moneyprobs]

I was paid weekly but my original I+E was worked out on a monthly average.
Overtime calculations were always based on a monthly salary, probably best to check with your IP though.

[James Falla]

Hi Kev59

Why does your wage fluctuate? Is it because you work different hours or get paid different amounts of overtime / bonuses? If the former then you need to work with your IP to use a reasonable average. If the latter then you need to base your income on your basic wage. Extra monies earned will the be covered by the 50% rule. Once you arrive at a sensible sustainable weekly figure, remember to x by 52 and divide by 12 to get an average month. (multiplying by 4.33 is virtually the same thing).

[kev59]

Hi Kev59

Why does your wage fluctuate? Is it because you work different hours or get paid different amounts of overtime / bonuses? If the former then you need to work with your IP to use a reasonable average. If the latter then you need to base your income on your basic wage. Extra monies earned will the be covered by the 50% rule. Once you arrive at a sensible sustainable weekly figure, remember to x by 52 and divide by 12 to get an average month. (multiplying by 4.33 is virtually the same thing).

I work different hour each week on a 14 week rota.
now all worked with my iva company on a 55 hour week.
The one week in 14 that I get 62 hours will make up for the week I only get 47 hours.
now im happy with my iva payment,

[kev59]

Hi Kev59

Why does your wage fluctuate? Is it because you work different hours or get paid different amounts of overtime / bonuses? If the former then you need to work with your IP to use a reasonable average. If the latter then you need to base your income on your basic wage. Extra monies earned will the be covered by the 50% rule. Once you arrive at a sensible sustainable weekly figure, remember to x by 52 and divide by 12 to get an average month. (multiplying by 4.33 is virtually the same thing).

I work different hour each week on a 14 week rota.
now all worked with my iva company on a 55 hour week.
The one week in 14 that I get 62 hours will make up for the week I only get 47 hours.
now im happy with my iva payment,

[kallis3]

Glad you got it sorted Kev.

[kev59]

Glad you got it sorted Kev.

So am I.
have a phone call booked with mel after her hoilday. Then roll on the meeting date.
On road to debt freedom by 2012 [:D][:D][:D][:D]

[kallis3]

You may be lucky and get a meeting just before Christmas or between Christmas and New Year.