Promotion :-) Payrise -- Rent Increase --Annual Re

[Lou.y]

Hi
I am currently going through my annual review!! Scary times although my IP is constantly reassuring me it will be fine.

Now here's the problem(s):
I have just been given a promotion with a Payrise but I am having to move because the current property I am renting is being sold. I have found somewhere new to live but it's more expensive but I can afford it with my Payrise. I have already submitted my annual reviw with my old rent and salary details attached. What do I do? Do I just let my IVA company know?

Any help would be hugely appreciared.

[MelanieGiles]

Yes - just let your IP know of all changes in circumstances, as they will make whatever adjustments are necessary to your disposable income.

[Lou.y]

Thanks Melanie. It's always nice to have a place to ask questions. My Payrise won't be effective till my next pay - but I'll let my IP know now.
I get paid 4 weekly and I get confused at bonus time when the 10% is calculated -- is that monthly or 4 weekly?

[MelanieGiles]

Glad to be of assistance and that you are finding the forum useful.