Hi, I am after a bit of advice please...
IVA payments originally set to £360 p/m, just completed year 2. Have worked some OT and always paid the relevant amount (10% then 50/50), just had my annual review letter through and payments are about to go up to £530!!!
Surely they cannot base my payments on working OT?? If I earn extra I am more than happy to pay accordingly, but I simply cannot afford the increase. IVA is with McCambridge Duffy.
HELP!!
Hi. This sounds like an error, unless your regular income has shot through the roof. Drop Michael Peoples a line, he represents McCD on the forum and has been of great assistance when there are any problems with any McCD clients ( as well as a great source of advice and support to all of us non-clients).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I did overtime during iva and had a letter from employers saying it wasn't permanent so never affected my iva. If it still shows on payslip as additional hours, I am sure this is an oversight.
Harrington Brooks doing the same to me. They are not calculating the payment in the basis of Basic salary . No wonder Michael peoples is supporting Harrington Brooks in my thread. http://www.iva.co.uk/forum/topic.asp?TO ... hichpage=2
By all means contact me directly and I will look into this for you. However we do not usually increase payments because of overtime as this is a separate issue. If you have received a payrise then this money would be factored in for any increase so did you get an uplift in wages.
The only other thing that may have happened but I am guessing is that the payments were amended for your benefit. If you were doing overtime and paying a lot monthly then any increase in base pay increases the the figure you can earn before the 10% 50/50 rule kicks in. But as I say I am only guessing as I do not personally know your case.
