Im coming up to my 2nd review and am a bit worried, been doing overtime all year loads of it,itl work out I owe about £1,500 in 50%overtime money I have saved this and its in the bank waiting.What im worried about is that they might up my payments for next year because of this. Im contracted to work 48 hours a week and have been working 60 or 72 and have worked a lot of my holidays too this benefits both myself and my creditors.I have been able to do all this overtime because the sector I work in has a lot of trouble finding staff however as a lot of homes are going bust the hours maynot always be there,plus I do sometimes find it hard working all these hours if they up my payments 1)I won't be able to afford the payments if I lose overtime, 2)Il struggle to manage without the extra money.I did send a letter in from my employer when I first started iva stating that the overtime was not gauranteed an could stop at anytime just worried that they will up my payments anyway, sorry to ramble on but things have been goin ok up to now and I don't want that to change.
Depending upon the terms of your own IVA, I cannot see why an increase in overtime should lead to a general increase in payments. It appears from what you say that you have the 50% uplift provision, therefore your overtime is covered within those terms and should not lead to an increase. But do check with your own IP to be sure.
