Hope everyone has had a good christmas and wishing you all a good new year!
Just a quick question...as part of my IVA I am not allowed personal health care, however I have just found out that my work pay's for me to be in Bupa. Although I do not pay for this it costs the company £27.00 a month to pay for this for which I pay tax on....which means I pay a tax contribution of approx £5.50. Will I get into trouble for this? I didn't even know I had it.
Not at all Suze - I am glad that you have a responsible employer who is interested in your health. It is probably a good idea to let your IP know about this, so drop them a line, but this will have absolutely no affect on your IVA.
It's definitely worth having, so I'm glad it won't make any difference to your IVA Suze. I had the option to take out BUPA cover at work, but never got around to filling in the forms until recently, by which time a few more things had been excluded!
Hi Suze, You are only paying the tax on a benefit in kind and it will have no effect on your IVA. Very useful to have. All my employees have the option to join our health scheme and we contribute £200 per year towards their individual costs. So an employee can bring in their partner and kids if they want to.
Last edited by David Mond on Sun Dec 28, 2008 5:36 pm, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
