Hi, I have been advised that due to increased duties I will receive a salary increase. This is going to be back dated to September so my next wage will be larger than a normal month due to the back dated rise.
My question is this as the next wage is going to be disproportionate to the normal figure there after with the increase do I treat this larger one as 10/50/50 and advice IVA of increase next wage so increased payments can be calculated OR advice them now of the increase but until next payday I won't actually know the real nett figure OR leave it until the review in may next year?
How your IP will deal with this can only be answered by your IP. I had a similar scenario during my IVA with my first IP and they ignored the back pay totally and only took the increase into account at the following review.
Last edited by Foggy on Mon Nov 24, 2014 9:25 pm, edited 1 time in total.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014