Hi. I''ve been in an IVA for just over two and a half years now and I found out in December that my company are cutting over 300 jobs and mine is one of them! They are offering voluntary redundancy at the moment and I have been quoted a total of £19,924.00 to leave now. Compulsory redundancies will begin in March and I understand the money for that will be far less than the voluntary packages being offered now. So naturally, I am keen to take the larger offer and go this month. However, can I be penalized by my IVA company if I take voluntary redundancy? Could they lay claim to some, or all of this money as some sort of windfall? Am I better off waiting for compulsory redundancy in March? I''d be really grateful for your advice on this matter.
I do not think you would be penalised at all but best to take advice from your IP themselves.
Your redundancy would be used to pay all of your bills until you found alternative employment and whatever is left could be looked on as a windfall and have to be paid over
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Nothing to do with me! I've not deleted any posts or threads this morning!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
