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otter

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Post by otter » Wed Nov 04, 2009 10:20 am
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I am full time embloyed and my IVA payments are based on my monthly salary.

I would have an opportunity and time to earn some extra by working as a self-embloyed also. Would I need to pay across all of the extra income (after expenses, taxes etc) or would the 50% rule apply?
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Michael Peoples

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Post by Michael Peoples » Wed Nov 04, 2009 10:24 am
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Double check with your IP but I would think that you could keep at worst 50%. You are right that you will need to pay expenses and taxes but there also has to be an incentive for you to do the work.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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otter

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Post by otter » Wed Nov 04, 2009 11:03 am
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Thank you. I would also hope this is the case.
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