www.iva.co.uk

Hi all,

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.

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.

Let your iva firm know to make sure its dealt with as it should.

Paul