What happens with pay rises that occur after the yearly review; do you declare or do you wait until your annual review comes round again? The company my sister works for has a habit of giving you a pay rise and back dating it; her review is Sept/Oct and they give payrises anytime between Sept and Dec however they sometimes back date them. How would it work if she had a review finalised in October was awarded a payrise in November but it was back dated to September which fell into the prior year? I don't want her IVA to fail so trying to get as many answers as possible for her....
It varies from company to company. Some will want to know straight away, others don't.
I'd speak to the company as soon as the payrise is received, that way she'll know exactly what is what.
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
My proposal actually specifies that although I have to tell my IP when I get a rise (fat chance of that!), it does not affect my IVA until the next review, so I would get the proposal out and take a look.
Hi Toby
I used to let my company know straight away and get their confirmation as to how much extra I needed to send them if anything. At the same time as letting them know I would also let them know about any expenditure increases so they could offset this. Best wishes
Oscar
x
need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
With mine, the first time I had a rise I let them know, and about my backpay and was told not to worry about it until review and the backpay was mine.
Same happened with my next one but I won't be getting anymore for the foreseeable future so won't need to tell anyone.
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
now im confused im with nhs and have continued to recieve a payrise although im a low grade ? i thought unions had rejected the no payrise part ? or is it down to each trust ?
I believe lower paid workers in the public sector will continue to get a rise. It's only those who are on higher salaries that won't.
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
Orange, if your progression pay is contractual, you will still get that. Otherwise. those under £21,000 were allowed a rise of at least £250 (although many employers are ignoring the "at least" bit and only paying the flat £250)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Don't know. I know I haven't had one this year and won't get one next year either. No idea what will happen after that.
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
