How would a no contract job with minimum wage be factored into an IVA ?

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philcre

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Post by philcre » Sun Nov 23, 2014 5:35 pm
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Hi
My wife has been offered a job but its no contract hours,so she works as and when required.Its minimum wage so how would iva company calculate new payment?
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Michael Peoples

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Post by Michael Peoples » Mon Nov 24, 2014 9:07 am
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You would try and take a minimum guaranteed figure and treat the rest under the 10% 50/50 rule. It would probably be best to wait a few weeks to see what the hours worked are rather than guessing at the start.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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