Earning Holiday pay in an IVA

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Tim24752

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Post by Tim24752 » Mon Jun 04, 2018 2:13 pm
hi, I started a new job just recently, in my last job i was paid outstanding holiday pay which will take me over the 10%. what's the process for holiday pay is it classed as a bonus?

Foggy

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Post by Foggy » Mon Jun 04, 2018 2:53 pm
I would assume it will be treated under the 10% 50/50 rule. Advise your IP of the amount paid and they will tell you what is due to the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

recovering

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Post by recovering » Mon Jun 04, 2018 4:17 pm
I was allowed to keep my holiday pay

Foggy

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Post by Foggy » Mon Jun 04, 2018 7:02 pm
recovering wrote:
I was allowed to keep my holiday pay

IPs do differ (which makes life interesting!)
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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