self employment and full time at same time

[mdevine]

Im currently self employed and in an IVA earning around net 1k p/m but could have the opportunity to work full time with a higher salary of net 3K per month. I want to continue self employment at the same time and could really use the extra cash to invest in the self employment side of the business, if i where to do this i would maintain net income of 1K. So how would this work with an IVA? Id be operating the self employment business at a loss of 3k p/m and this would be shown on my SA tax return and effectively offsetting the full time income. Nothing would change in my net income. Would this be acceptable, do i even have to notfiy my IP if there is no change in my net circumstances?

[kallis3]

Hi and welcome.

Not sure how this would work but you should inform your IP anyway of any change in circumstances.

[MelanieGiles]

So long as you were not doing anything to prejudice your ongoing IVA payments, I cannot see a problem, but it seems strange to want to flog yourself for something that you admit will be making cash losses - albeit this could be seen as an investment for your future.