Posted: Thu Apr 07, 2011 3:12 pm
Hi
This forum is incredibly useful, I have found a great deal of valuable information and advice on here - many thanks to you all.
I do now have a specific question I haven't been able to find an answer to though... and I hope you can help me - apologies in advance for a long post... it's about what will happen if I take a new job at a lower salary - without being made redundant?
I am 2 years 5 months into my IVA, and have made all payments in line with the agreement, no problem. I have even had my payments increased to £600 per month.
The problem I have is that I commute over 80 miles by car every day to work and after 10 years the travel is lowering my quality of life.
Coupled with that is the problem that although my job is not in direct threat just at the moment, I don't think it will exist in 12 months time. As I work in a specialist education sector there are hardly any opportunities that arise in my local area that are suitable - but one has and I have an interview for it tomorrow.
The problem is that if I get the job, it would be a pay cut from £45k to £40k. In reality given the lower fuel costs and tax I think I will come out just a bit lower - but I am worried that this will cause problems with my IVA. I know about the 15% rule - but what if I have done it voluntarily, even if it is to more to a more secure position (which this is)?
Any and all advice much appreciated.
This forum is incredibly useful, I have found a great deal of valuable information and advice on here - many thanks to you all.
I do now have a specific question I haven't been able to find an answer to though... and I hope you can help me - apologies in advance for a long post... it's about what will happen if I take a new job at a lower salary - without being made redundant?
I am 2 years 5 months into my IVA, and have made all payments in line with the agreement, no problem. I have even had my payments increased to £600 per month.
The problem I have is that I commute over 80 miles by car every day to work and after 10 years the travel is lowering my quality of life.
Coupled with that is the problem that although my job is not in direct threat just at the moment, I don't think it will exist in 12 months time. As I work in a specialist education sector there are hardly any opportunities that arise in my local area that are suitable - but one has and I have an interview for it tomorrow.
The problem is that if I get the job, it would be a pay cut from £45k to £40k. In reality given the lower fuel costs and tax I think I will come out just a bit lower - but I am worried that this will cause problems with my IVA. I know about the 15% rule - but what if I have done it voluntarily, even if it is to more to a more secure position (which this is)?
Any and all advice much appreciated.