Our six years will be up in October this year and I just wanted to know, if we paid all our due payments up by July ( 3 months early) while waiting for the company to do all the things nessasary to close it would we still be subject to the 50/50% rule with regards to our wages?
I do understand that until we get our certificate we would be subject to things like lotto wins!!! etc
So just wanted to know if we were waiting for 3 months for it to be closed have I still got to give them 50% of overpayments?
If you are just making payments in advance, without a F&F variation, yes, you would still have to hand over 50% of any overtime or bonus payments until such time as the date for the last scheduled payment passes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
