Thank you for your reply. Yes our IP is intending to seek the uplift!! I will type word for word the clause in our proposal as follows:-
"In addition to the proposed monthly contributions, I shall pay no less than 50% of the net value of my monthly earned income I receive in the form of overtime, bonuses and any other increase in my net income in excess of the basic income that is noted in the proposal. I will not be required to pay the first £50 of any such calculation and half of any increase in rent/mortgage, council tax, car insurance and road tax from that stated in the proposal the full reduction in any unearned household income. There will not be a requirement to pay any element of any increase in unearned household income. It shall be the supervisors responsibility to review the payments every six months, using my wage slips, to ensure full contributions are being made".
Perhaps you can make head or tail of that, I didn't think I was stupid but perhaps I am. What is unearned household income?
Yes I have had a statement which shows:-
Average net income per month =
less income per proposal =
50% increase in contribution required per month =
less first £50 of increase,
less 50% increase in rent/mortgage, council tax, increase in car tax and insurance and childcare =
then net change per month =
then increase in earned income per month
then Less: Reductiion in unearned income
Total monthly increase
which then equals an amount to be paid.
Sorry for the long reply but I thought I would do it word for word, I just don't understand what the unearned household income bit is about and where it says Less: reduction in unearned income they have put zero, no mention of any increases regarding petrol etc which we submitted on an I & E.
Wish they would do it in English or at least something that I could understand!! and it might help someone else to understand their IVA too!!
Thanx v v much
Stells
