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omega

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Post by omega » Wed Sep 30, 2009 8:30 pm
hi
It seems that since April i have been paying a little too much tax and having been paid today i have an extra £270 which i assume would be classed as a tax rebate even though it is in my wages. Is this a windfall??
I have heard that if a windfall is under £500 then you may be allowed to keep it. I only ask after sorting 2 childrens shoes and uniforms, I a new suit for work and my wife some new work clothes.
Any advice greatly appreciated as always
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kallis3

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Post by kallis3 » Wed Sep 30, 2009 8:41 pm
Hi omega,

Check what it says in your proposal/chairmans report. You could also just have a word with your IP to run it by them to make sure you can keep it.
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
 
 

omega

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Post by omega » Wed Sep 30, 2009 8:53 pm
Just had a look through the proposal and the chairmans report and cannot see anything at all realting to tax rebate/windfall. The only relation to this a mention of the 10%/50%/50% for overtime bonus or commision payment. Ihave a letter though stating "that in the event of receiving redundancy, inheritance, gaming or lottery winnings then I will declare any such sums to the IP" no mentions on minimal amounts etc.
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kallis3

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Post by kallis3 » Wed Sep 30, 2009 8:55 pm
Give your IP a ring tomorrow just to check - you don't want to b landed with a surprise bill when it comes to your annual review.
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
 
 

omega

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Post by omega » Wed Sep 30, 2009 9:01 pm
was planning to do just that. As i will be explaining the need to new suit etc will I have to provide receipts etc. Sorry to sound really stupid on this but...........
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Shining

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Post by Shining » Wed Sep 30, 2009 9:08 pm
hi there I would definitely offer receipts, I do tend to keep a lot more now than I ever have.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

omega

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Post by omega » Wed Sep 30, 2009 9:12 pm
i agree, i am keeping a lot as well, the only thing is i cannot give recipts without a purchase and cannot purchase without them agreeing that i can keep the £270
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kallis3

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Post by kallis3 » Wed Sep 30, 2009 9:12 pm
If you have the receipts, then provide them.

I have no problem with with work clothes as I wear a uniform, but can understand that people need to fund suits and dry cleaning for work.
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
 
 

omega

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Post by omega » Wed Sep 30, 2009 9:16 pm
I will let you know how I get on as I am sure that I wont be the last one on here to have a tax rebate no matter how small, hopefully have some good news for the first time for a while...fingers crossed
There is always an answer! You just have to find it!
 
 

kallis3

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Post by kallis3 » Wed Sep 30, 2009 9:24 pm
I'm sure everything will be ok. Keep us informed.
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
 
 

MelanieGiles

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Post by MelanieGiles » Thu Oct 01, 2009 1:11 am
Tax rebates should not be treated as windfalls, as if you have overpaid in earlier months it has to be right to have that refunded back to you - especially if you struggled to make the IVA contributions due to paying too much tax!
Regards, Melanie Giles, Insolvency Practitioner
 
 

omega

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Post by omega » Thu Oct 01, 2009 12:24 pm
I have just spoken to CCCSVA re this couldnt speak with the IP, just got through to the case supervisor. She informed me that she didnt know whether this would be classed as a windfall, and then said cannot get me an answer until next tuesday!! After a bit of moaning from me she is now trying to get me an answer for tomorrow. Perhaps Iam a bit niave to think that i would get ananswer today
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kallis3

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Post by kallis3 » Thu Oct 01, 2009 12:27 pm
Email your IP direct via this link:

http://www.insolvency-service.co.uk/newipsearch.htm

You may get a quicker answer than relying on a case worker.
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
 
 

omega

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Post by omega » Thu Oct 01, 2009 12:52 pm
Thanks for that Ihave just sent the email off so hopefully will get an answer today
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Shining

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Post by Shining » Thu Oct 01, 2009 2:12 pm
omega, I do hope you get the reply you need to give you the reassurance that you can keep the rebate.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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