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chocoholic2

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Post by chocoholic2 » Thu Jul 31, 2014 6:03 pm
Hi everyone -
Had my 3yr review recently and all went well...due to the restructure of my job I've been given a small promotion - approx £50 per month, I will also receive a small lump sum, maybe a couple of hundred pounds, as my pay rise does not increase my wages by 5%....Will the lump sum be paid over to my iva as well as my pay rise? Any overtime is paid over on the 10/50/50 basis, but I'm not sure about pay rises as I've not had one since my iva started.
 
 

MerlinL14

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Post by MerlinL14 » Thu Jul 31, 2014 6:37 pm
I would have a quick word with your IVA company. I had a similar situation and was told that i could keep the lump sum (it was £120) and the wage increase would be calculated with my next review, this was 1 month after a previous review. I was more than happy with the outcome, on my next review the wage increase was eaten up with higher utility bills and I ended up with the same payments as the previous year.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
 
 

chocoholic2

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Post by chocoholic2 » Thu Jul 31, 2014 6:43 pm
I'll definitely be forwarding my pay slip to my IP - it should all appear in my pay at the end of Aug..just wondered if the small lump sum would complicate things
Last edited by chocoholic2 on Thu Jul 31, 2014 6:44 pm, edited 1 time in total.
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