Hi everyone, I haven't posted for a while but I read what's going on on the forum most days! My IVA is running relatively smoothly with (fingers crossed) no big issues to date, 5 more months and I'll be 2 years in already and quite honestly it doesn't seem that long. It was one of the most difficult decisions I have ever made but I feel like entering the IVA was the best thing I could have done. A quick question, I will be getting some overtime this month which I will have to declare due to the 10/50/50 clause but although it is all being paid in one month, it is 2 months overtime. Do you think my IP will want to treat it as one payment or do you think it will be possible to split it down in to the 2 months and work it out that way? I have my temporary contract for the extra work and my time sheets to show when the overtime was done!
As Foggy says run it by your IP - drop them an email and explain how you would like it dealing with and maybe they'll agree? if you don't ask you won't get so be worth it. All the best.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Is it a fault of your payroll system that this is being paid in one month? If so, then you have good grounds to argue that it ought to be split - but you may have to provide supporting evidence if the sums concerned are significant.
It is worth running past your IP, but I suspect it will be treated as one lump ( so only the one 10% disregard ).
