www.iva.co.uk

Hi

Is there any kind of caps on OTE's, bonuses and overtime when in an IVA?

If I earn over £500 in bonuses and overtime in a single month does that class as a windfall?
For the last 12 months I have earned several hundreds of pounds each month in OTE earnings and overtime. My next payday is going to be my biggest in bonuses and overtime and will be over the £500 mark quite easily.
I already pay 50% of all additional income after the first 10% into my IVA each month.

Anyone one been in a similar situation?

Thanks in advance
Dan

If employment related it will not be considered a windfall --- and, if it were, you would have to pay over the lot if it was over £500.