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Posted: Sat Feb 21, 2009 1:29 pm
by freshstart
Hi. My IVA states I can earn 10% over my normal monthly take home pay in bonus. I am due to find out if I will be paid an annual bonus and, because it is paid in a single payment, concerned this will be seen as a monthly figure rather than earned over the whole year. Please can anyone advise?
Posted: Sat Feb 21, 2009 1:41 pm
by kallis3
Hi,
When you are notified of this bonus, I would contact your IP and inform them of the fact and how much it is going to be.
I believe you will keep the 10%, and if your proposal states, 50% of the rest. The rest will have to be paid over to your IVA
Posted: Sat Feb 21, 2009 5:00 pm
by Adam Davies
Hi
Yes, if your take home is £1500 per month you can keep the first £150 of your net bonus then the remainder will be split 50/50
Regards
Posted: Mon Feb 23, 2009 10:15 pm
by freshstart
Thanks for the replies. Hoping to hear in the next month so will contact my supervisor when the time comes.