www.iva.co.uk

Hi, Just wondered if anybody could answer a queation I have,
I have been in an IVA fpr just over a year,and just completed my first review,
I have just completed a regrade at work that has been going for sometime, it looks as though this will be approved and I will receive approx £100 pm net pay rise this is still below 10% of my income and I wondered if I would be able to keep 50% of it, also I may receive some back pay would I be able to keep 50% of any back pay,I could really do with this as my car is on its last legs, any advice would be great

Discuss this directly with your IP,but make sure that you mention the car work thats required.
A new income and expenditure will be required as the 10% the 50/50 rule is for overtime rather than a payrise.

Paul