Pay Rise

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annierose

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Post by annierose » Fri May 27, 2016 8:20 pm
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Hello, I have a new job and my basic salary will increase, will my IVA payments increase in line with this? I will actually take home less over the year than in my current job where 1/3 of my take home pay is a varying monthly bonus (currently pay 50% of this bonus into IVA Each month.
Will all the exta have to go into the IVA or will I keep 50% of the increase?
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Foggy

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Post by Foggy » Fri May 27, 2016 8:35 pm
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Your regular payment should be based on your basic pay, and this will increase by 50% of the pay rise.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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