Looking for some advise. I am on an iva and had just had a small pay rise and was back dated to Jan 2013 which gave me an amount of £300. Do I still need to declare it and also will this be class as 10:50:50 rule or term? Thanks
You will need to include this in your next review. If your review is some way off then you would be better to inform now and see what changes come about.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
My pay rise (£150 ...please, Mr Osbourne, can I have some more!)is ignored by my IP until the review date (by which time inflation has more than dealt with it anyway), but I let my IP know when it happens.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014