Pay rise & back dated

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

newboy

User avatar
Posts: 33
Joined: Sun Jul 08, 2012 11:56 pm
Location: United Kingdom
Post by newboy » Sat Jul 06, 2013 3:07 am
Quote
Hi all,

Looking for some advise. I am on an iva and had just had a small pay rise and was back dated to Jan 2013 which gave me an amount of £300. Do I still need to declare it and also will this be class as 10:50:50 rule or term? Thanks
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Sat Jul 06, 2013 5:02 am
Quote
You will need to include this in your next review. If your review is some way off then you would be better to inform now and see what changes come about.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Sat Jul 06, 2013 10:33 am
Quote
My pay rise (£150 ...please, Mr Osbourne, can I have some more!)is ignored by my IP until the review date (by which time inflation has more than dealt with it anyway), but I let my IP know when it happens.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Sat Jul 06, 2013 11:15 am
Quote
Let your iva firm know to make sure its dealt with as it should.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”