I've been offered a new contract..it includes a payrise of 1200 a month but also my pension contribution amounts to 110..i also have to have a company car which amounts to 150..and health insurance which I pay a benefit of kind on..i loose my on call pay overall I will be worse off 200 a month I realise I can bring my payments down if needed...the main question I have is they have a company shares option and it's a massive saving opportunity am I legally allowed to take this up while in an iva?
Any contribution towards the share scheme would have to be funded from your existing allowances. You will not be allowed to set aside a sum from your disposable income. You might also be considered to be creating a potential asset. Ultimately it will be between you, your IP and creditors to decide. Could you defer entry into the scheme ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014