I used to be in a more junior position and had the ability to work overtime to help get me some additional money to assist myself and my family. The 10% and then 50/50 rule was very clear.
However, in my new position I do not get overtime, but there is a chance to get a very significant end of year bonus. To achieve this I would still need to work many, many additional hours. But if I did all this extra work and get bonus, how would this be handled?
The bonus would be treated the same as overtime in the month it is paid, so you would still only get the same one month's 10% deminimis, then pay 50% of the rest.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thanks foggy, I was worried it may be treated as a windfall and that for the amount involved (i.e. considerably over £500) I may not be able to keep any.
Last edited by mole on Mon Jul 28, 2014 9:39 pm, edited 1 time in total.
